 | |
 Kering headquarters (former Hôpital Laennec in Paris) | |
| Formerly | Pinault S.A. Pinault-Printemps-Redoute PPR |
|---|---|
| Company type | Public |
| Euronext Paris: KER CAC 40 component | |
| ISIN | FR0000121485  |
| Industry | Conglomerate |
| Founded | 1962; 63 years ago (1962) |
| Founder | François Pinault |
| Headquarters | 40 rue de Sèvres, Paris 7e, France |
Key people | |
| Products | Luxury goods |
| Revenue |  €17.20 billion (2024) |
| €2.55 billion (2024) | |
| €1.13 billion (2024) | |
| Total assets |  €43.35 billion (2024) |
| Total equity | €15.73 billion (2024) |
| Owners |
|
Number of employees | 47,000 (2024) |
| Subsidiaries | |
| Website | www |
| Footnotes / references [3] | |
Kering S.A. (French:[kɛːʁiŋ]) is a Frenchmultinationalholding company specializing inluxury goods, headquartered inParis. It owns the brandsGucci,Yves Saint Laurent,Balenciaga,Bottega Veneta,Creed,Maui Jim, andAlexander McQueen, among others.
The timber-trading company Pinault S.A. was founded in 1962, byFrançois Pinault. After the company was quoted onEuronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994. The luxury group was rebranded Kering in 2013. It has been a constituent of theCAC 40 since 1995.François-Henri Pinault has been President of Kering since 2005, andLuca de Meo CEO since September 2025. In 2024, the group's revenue reached €17.2 billion.
In 1962,François Pinault opened the Établissements Pinault inBrittany (France) specialized in timber trading with a 100,000-franc loan from the bank.[4] His business grew rapidly by acquiring many local timber operations and building its own import bridges, turning Pinault S.A. into a leading timber trader in France in the 1980s. By 1988, the group owned 180 companies and 33 factories for an annual revenue of 10 billion francs.[5]
In 1988, Pinault S.A. was listed on theParis Stock Exchange and started a new period of growth in the retail sector through major acquisitions.[4] In 1989, Pinault S.A. purchased 20% of CFAO, a French distribution conglomerate active throughout Africa. In 1990, Pinault S.A. and CFAO merged, and François Pinault became head of the newly formed group which acquiredConforama (French furniture retailer) in 1991,Printemps (French department stores) in 1992, which also owned 54% ofLa Redoute (French mail-order shopping retailer), andFnac (French bookstore, multimedia and electronics retailer) in 1994. The group was renamed Pinault-Printemps-Redoute in 1994.[4]
In 1999, Pinault-Printemps-Redoute purchased a controlling 42% stake of theGucci group for $3 billion, and 100% ofYves Saint Laurent.[6][7][8] Those investments marked the cornerstone of the group's shift towards luxury. Through Gucci, Pinault-Printemps-Redoute acquiredBoucheron in 2000,[9]Bottega Veneta[10] andBalenciaga in 2001,[11] and signed partnerships withAlexander McQueen[12] andStella McCartney.[13]
In 2003,François-Henri Pinault, son of the founder François Pinault, became general manager ofArtémis, the family holding company that controlled Pinault-Printemps-Redoute. In 2005, he was named president and CEO of Pinault-Printemps-Redoute,[14] a year after the group had reached a 99.4% ownership ofGucci.[15] The group continued acquiring luxury brands:Sowind Group (watch company owner ofGirard-Perregaux)[16] andBrioni (Italian tailor) in 2011 ;[17] Pomellato Group (jewelry company owner ofPomellato and Dodo)[18] andQeelin (jewelry) in 2012 ;[19]Christopher Kane (British fashion house)[20] andRichard Ginori (porcelain) in 2013 ;[21]Ulysse Nardin (watches) in 2014.[22] The group also sold its retail assets: Le Printemps in 2006 ;[23] Conforama in 2011 ;[24] CFAO in 2012 ;[25] Fnac in 2012 ; La Redoute in 2013.[26] PPR developed a 'sport & lifestyle' portfolio with the acquisition ofPuma in 2007,[14]Cobra Golf in 2010,[27] andVolcom in 2011,[28] all of which were sold the following decade.[29]
In March 2013, PPR changed its name to Kering.[30] Bottega Veneta hit the billion-dollar sales mark in 2012.[31] In 2014, Kering created its own eyewear production arm, Kering Eyewear (1.5 billion euros revenue in 2023),[32] and acquired the eyewear brandsLindberg in 2021[33] andMaui Jim in 2022.[34] Balenciaga was turned into a disruptive fashion house[35] and Yves Saint Laurent hit the 2-billion dollar sales mark in 2019.[36] From 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, the latter hitting the 10-billion dollars sales mark in 2022.[37] The group divested its interests inStella McCartney in 2018,[38] Christopher Kane in 2019,[39] and its watch division (Girard-Perregaux and Ulysse Nardin) in 2022.[40] Since 2015, Kering has been hosting the programWomen in Motion in partnership with theCannes Festival to highlight and reward women's contribution to cinema.[41]
In 2023, Kering's annual results declined to 19.6 billion (-4%), mainly caused by the deceleration of Gucci's streak.[42] That same year, Kering acquired the fragrance companyCreed,[43] 30% of the fashion houseValentino,[44] and Kering Beauté was launched to manage in-house the development of beauty products for the group's brands.[45] In 2025,Luca de Meo was appointed CEO to give a new impetus to the luxury group.[46][47]
In October 2025, the Wall Street Journal reported Kering was in talks to sell its beauty business, which includes Creed, toL'Oreal in a deal that values the segment at approximately $4 billion.[48]
Kering's headquarters are located in the former Hôpital Laennec in the7th arrondissement of Paris. The parent holding company of Kering isGroupe Artémis. In 2024, Kering made 17.2 billion euros in revenue, and managed 47,000 employees and 1,813 stores.[3]
Kering fully or partially owns the following brands:
| Brand | Acquisition Year | Country |
|---|---|---|
| Gucci | 1999[6] |  Italy |
| Yves Saint Laurent | 1999[7] |  France |
| Boucheron | 2000[9] | France |
| Bottega Veneta | 2001[10] | Italy |
| Balenciaga | 2001[11] |  Spain |
| Alexander McQueen | 2001[12] |  United Kingdom |
| Brioni | 2011[17] | Italy |
| Qeelin | 2012[19] |  China |
| Pomellato | 2012[18] | Italy |
| Dodo | 2012[18] | Italy |
| Ginori 1735 (formerlyRichard Ginori) | 2013[21] | Italy |
| Lindberg | 2021[33] |  Denmark |
| Maui Jim | 2022[34] |  United States |
| Creed | 2023[43] | United Kingdom |
| Valentino (30%) | 2023[44] | Italy |
Kering also owns Kering Eyewear (luxury eyewear production arm)[32] and Kering Beauté (cosmetics division).[45]
| Year | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2023 | 2024[3] |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17 931 | 17 761 | 20 201 | 16 525 | 11 008 | 12 227 | 9 736 | 9 748 | 10 037 | 11 584 | 12 385 | 15 478 | 13 665.2 | 15 883.3 | 13 100.2 | 19 566 | 17 194 |
| Net results | 680 | 1 058 | 924 | 985 | 965 | 986 | 1 048 | 50 | 528.9 | 696 | 814 | 1 786 | 3 714.9 | 3 211.5 | 1 972.2 | 2 983 | 1 133 |
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