Kering news and archive

Is François-Henri Pinault stepping back from Kering?

Paris - 63-year-old François-Henri Pinault, chief executive officer of French luxury group Kering (Kering), is reportedly planning to separate the roles of chairman and chief executive officer. This information was published on Thursday by the business magazine Challenges. According to the magazine, which did not cite its sources, Pinault will...

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Business

Kering eyewear acquires Italian eyewear manufacturer Lenti

French luxury group Kering SA has reinvested in its eyewear division. Kering Eyewear acquired Italian eyewear manufacturer Lenti, the company announced on Tuesday, April 3, 2025. The acquisition marked another milestone in the Kering subsidiary’s ongoing industrial development strategy and offered the opportunity to build in-house expertise for...

Fashion

In times of crisis, luxury brands turn to the new guard of designers

Matthieu Blazy at Chanel, Jonathan Anderson at Dior and Demna at Gucci: luxury’s leading brands turned to the creativity of relatively low-key designers in their forties to address the economic challenges facing the sector. Following months of speculation and his arrival at Dior Homme, forty-year-old Jonathan Anderson was appointed creative...

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Fashion |Opinion

Creative direction reshuffle: Does the trust between CEO and creative director have an expiration date?

With Maria Grazia Chiuri's departure from Dior now official, new appointments are anticipated. It seems as though all that is missing is the station master's whistle and the call of “all aboard” to begin this latest journey towards a new creative direction in luxury fashion. We are witnessing a continuous reshuffling of creative directors; only...

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Fashion

Kering Eyewear to develop smart glasses with Google

Kering Eyewear, part of luxury fashion group Kering, has inked a new partnership with Google to develop AI-powered “smart glasses” with Android XR. The collaboration is being described as a “new chapter in design for smart glasses” as it will combine Kering Eyewear’s high-end eyewear expertise, known for its collections with Gucci and Saint...

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Kering issues new 750 million euro bond

The French luxury group Kering SA has obtained fresh capital by means of a new bond. The bond, with a volume of 750 million euros, has a term of four and a half years and an interest rate of 3.125 percent, the parent company of fashion houses such as Gucci, Saint Laurent, Bottega Veneta and Balenciaga announced on Tuesday. The issue took place...

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People

Who is Pierpaolo Piccioli: From his synonymous uniform to his protection of freedoms

Pierpaolo Piccioli's new path has now been unveiled. The Italian designer has been named as the successor to Demna at Balenciaga, where he will unveil his first collection for the Kering-owned brand in October, at Paris Fashion Week. Here is everything you need to know about him. Pierpaolo Piccioli was born in Rome on August 29, 1967. He lives...

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Fashion

Balenciaga names Pierpaolo Piccioli Creative Director amid strategic overhaul at Kering

Kering has appointed Pierpaolo Piccioli as the new creative director of Balenciaga, marking a pivotal moment in the French luxury conglomerate’s broader effort to stabilise and reposition its flagship fashion houses after a challenging 2024. The group reported a 12 per cent drop in annual revenue for 2024, with widening losses at Gucci, as well...

Fashion

Exotic skins: Peta calls François-Henri Pinault ‘Pinocchio’ for broken promise

A look back at Kering’s annual general meeting on April 24, 2024, during which animal rights organisation PETA accused François-Henri Pinault, chief executive officer of the luxury group Kering, of lying, giving him the nickname ‘Pinocchio’. The issue was in regards to his commitments to the animal protection association PETA. The reason for the...

People

Balenciaga appoints Nathalie Raynaud as Deputy CEO

Before the highly anticipated appointment of a new creative director, Balenciaga announced a new deputy CEO. Nathalie Raynaud, previously chief product officer at the house, was appointed to the new position of deputy CEO with immediate effect, according to industry magazine Women’s Wear Daily on Tuesday. In her new role, she will report...

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Environmental objectives of luxury groups: Who is aiming for what?

By 2040, Chanel is expected to achieve net-zero greenhouse gas emissions across its entire value chain. With this goal, the company aligns itself with the Paris Agreement signed in 2015, which aims in particular to keep global warming well below 2°C compared to pre-industrial levels by 2100. But what about the other luxury giants? FashionUnited...

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Kering appoints new Brioni chief executive

The French luxury goods group Kering has appointed new chief executive officers for its brands Brioni and Ginori 1735. Federico Arrigoni is taking over the leadership at the Italian menswear specialist Brioni, while Mehdi Benabadji is becoming the chief executive at the porcelain brand Ginori 1735, Kering announced on Tuesday evening. Both...