Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Who owns the high street: Kering

Includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Puma

Founded in 1963 by François Pinault as a wood and building material business, Kering is now one of luxury’s biggest fashion groups. It bought 42% of Gucci Group in 1999, upping its stake to 99.4% five years later in 2004. 

Kering is flying high on the back of the success of Gucci creative director Alessandro Michele’s refresh of the Italian label, whose maximalist glamour helped revenue soar 44.6% last year. 

Saint Laurent also performed strongly, and revenue jumped 25%. Operating profit soared by 56% to €2.9bn (£2.6bn). 

Kering is set to spin off German sportswear label Puma by distributing a majority of its stake to its own shareholders as part of the French conglomerate’s long-held plans to focus on luxury. Kering will retain around a 16% stake in Puma. 

It is also said to be selling 50% of its stake in Stella McCartney back to the eponymous designer, although neither party has confirmed this. 

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.