Kering is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent.
The timber-trading company Pinault S.A. was founded in 1963, by François Pinault. After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994, and the luxury group Kering in 2013. The group has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been president and CEO of Kering since 2005. In 2020, the group's revenue reached €13.1 billion.
The company’s milestones:
1963: François Pinault founds Établissements Pinault, a timber trading company, in Rennes.
1988: The Pinault Group is listed on the Paris Stock Exchange.
1994: After acquiring Le Printemps and an equity stake in La Redoute, it becomes Pinault Printemps Redoute.
- The company begins its transformation into a Luxury group by purchasing a 42% stake in the Gucci Group.
- Acquires French legendary Fashion house, Yves Saint Laurent and high jewelry house, Boucheron.
2001: Acquires Italian high-end leather goods house, Bottega Veneta, and iconic luxury fashion House, Balenciaga. In addition, the company also signed a partnership agreement with the Alexander McQueen House.
2005: The name of the company is changed to PPR.
2012: Acquisition of legendary Italian luxury house, Brioni.
- PPR changes its name to Kering and adopts a new visual identity embodied in a new logo – an owl, a symbol of wisdom, protection, and foresight – and a signature that conveys its approach: Empowering Imagination.
- Acquires Chinese fine jewelry brand, Qeelin. In addition, the company acquires Pomellato and DoDo, among the most beautiful and innovative jewelry brands in the world for their Italian unconventional style and design.
2015: Kering creates the high-end eyewear entity Kering Eyewear. The Group will manage the design, development, and distribution of Eyewear collections for Gucci, Cartier, Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, Stella McCartney, Alaïa, Courrèges, Montblanc, Brioni, Boucheron, Pomellato, McQ, Puma.
2016: Kering installs its new headquarters at 40, rue de Sèvres, in Paris.
2019: Kering opens its new Italian headquarters in Milan, at 91 Via Mecenate. With its high-performance LED systems and green spaces equipped with rain-sensor irrigation the building is a showcase for sustainability.
2021: Kering announces that none of the Group’s Houses will use animal fur, starting from the Fall 2022 collections.
According to kering.com & Wikipedia