How François-Henri Pinault Unites Profits and PurposeThe chairman of Kering talks to BoF's Imran Amed about the blockbuster successes of Gucci, Saint Laurent and Balenciaga, streamlining his portfolio and his belief in ‘generous capitalism.’
Kering
French conglomerate Kering SA owns fashion, leather goods and jewellery houses, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Boucheron and more. Headquartered in Paris, Kering was founded by François Pinault in 1963.
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Kering is a global Luxury group with world-renowned Houses in fashion, leather goods, jewelry and watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, as well as Kering Eyewear.
Kering places creativity and diversity at the heart of its strategy, which empowers its Houses to surpass limits in their creative expression, tap into collective intelligence and craft tomorrow's Luxury in the most sustainable and responsible way. We dare to push limits by cultivating our talent, promoting diversity and inclusion, sponsoring a culture of excellence and entrepreneurship, and supporting each employee to reach their full potential.
Our long-standing commitment to sustainable development is central to our company culture and strategy; we set ambitious goals in terms of social and environmental responsibility and we do everything in our power to attain them; we share our advances to encourage better practices and new standards across our sector; and globally we work to defend the dignity of women.
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Highlights
How François-Henri Pinault Unites Profits and Purpose
Kering Tapped by French President to Unite Brands Behind Sustainability GoalsEmmanuel Macron has called upon Chief Executive François-Henri Pinault to unify the sector.
Kering Wants to Be the ‘Most Influential Group in the Luxury Universe.’ What Does That Mean?Chief executive Francois-Henri Pinault laid out his ambitious strategy at the Paris-based conglomerate’s annual meeting for shareholders.
Latest News & Analysis
Luxury
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
This Week: How Deep Will Luxury’s Downturn Go?
Following LVMH’s sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector.
Workplace & Talent
BoF Careers Community Event: Incorporating Generative AI into the Fashion Workplace
In Paris, leaders in talent acquisition from Chanel, Christian Dior Couture, Coty, Kering, Louis Vuitton, Rimowa and Saint Laurent among many others, attended an exclusive presentation and networking event at Hôtel Plaza Athénée.
BoF Careers Community Event: Incorporating Generative AI into the Fashion Workplace
In Paris, leaders in talent acquisition from Chanel, Christian Dior Couture, Coty, Kering, Louis Vuitton, Rimowa and Saint Laurent among many others, attended an exclusive presentation and networking event at Hôtel Plaza Athénée.
Gucci Names Stefano Cantino Its New CEO
The Italian executive, a veteran of Prada and Louis Vuitton, is replacing CEO Jean-François Palus as Kering’s flagship brand struggles to reignite consumer demand.
Luxury
Francesca Bellettini’s Plan For Kering
Topping off a transformative tenure at Saint Laurent, the Italian executive and BoF 500 member is co-piloting fashion’s highest-stakes turnaround effort as owner Kering’s deputy CEO for brand development. Can Bellettini engineer a rebirth for the luxury giant and its flagship label Gucci?
Francesca Bellettini’s Plan For Kering
Topping off a transformative tenure at Saint Laurent, the Italian executive and BoF 500 member is co-piloting fashion’s highest-stakes turnaround effort as owner Kering’s deputy CEO for brand development. Can Bellettini engineer a rebirth for the luxury giant and its flagship label Gucci?
Luxury
Is This an Inflection Point for Luxury Fashion?
As the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed.
Is This an Inflection Point for Luxury Fashion?
As the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed.
Are Luxury Brands Still Worth It?
Luxury’s results ‘superweek’ underscored just how far consumer demand has fallen. Macroeconomic gloom is part of the problem, but there may be deeper issues with big luxury’s value proposition.
Kering Weakened as Gucci Sales Fall 20%
The French group’s sales fell 11 percent as its Saint Laurent and Balenciaga units also continued to suffer, underscoring the gap with key rivals in an increasingly cut-throat luxury market.
Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem
All three companies will report results amid a sharp downturn in demand in key markets. That, plus the Olympics kick off in Paris.
Why Luxury Brands Are Investing in China’s Art Scene
Chanel, Prada, Hermès, Loewe and Louis Vuitton have been collaborating with museums, artists and art fairs in China to generate marketing buzz and expand their client base amid a slowdown in the key luxury market.