Pins matching tag:Kering

Kering appoints Stefano Cantino, Gucci's deputy CEO since May 2024, as the house's chief executive from 1 January 2025, succeeding Jean-François Palus, who had led Gucci on an interim basis since 2023.

Kering appoints Cédric Charbit CEO of Saint Laurent, succeeding Francesca Bellettini, and promotes Gianfranco Gianangeli to CEO of Balenciaga in Charbit's place, both effective 2 January 2025.

Kering and Gucci announce that Demna, Balenciaga's artistic director since 2015, will become Gucci's new Artistic Director starting early July 2025, succeeding Sabato De Sarno, whose collaboration with the house ended in February.

Kering reports first-quarter 2025 group revenue of €3.9 billion, down 14%, as Gucci's sales fall 25% on a comparable basis to €1.6 billion amid low store traffic and a 33% wholesale decline.

Pierpaolo Piccioli, Valentino's creative director for a quarter-century, becomes Balenciaga's creative director on 10 July 2025, succeeding Demna, who moves to Gucci; Kering announced the move on 19 May.

Kering and Mayhoola amend their 2023 shareholders' agreement on Valentino, pushing back Mayhoola's put options and Kering's matching call option on the remaining 70% stake from 2026-2028 to 2028-2029, as Riccardo Bellini becomes Valentino's CEO.

Former Renault chief Luca de Meo becomes Kering's chief executive on 15 September 2025, the first time the luxury group is run by someone outside the Pinault family, as chairman François-Henri Pinault steps back from day-to-day management.

Kering and L'Oréal announce a long-term beauty alliance in which L'Oréal will acquire the House of Creed outright and take 50-year fragrance and beauty licences for Bottega Veneta and Balenciaga (and later Gucci), valued at €4 billion.

L'Oréal completes its purchase of Kering Beauté, including the House of Creed and new 50-year fragrance and beauty licences for Bottega Veneta and Balenciaga, finalizing the alliance the two groups announced five months earlier.

Kering posts first-half 2026 group revenue of €7.22 billion, up 1% on a comparable basis, as Gucci's decline eases to 5% and recurring operating margin improves to 12.8%, its first comparable growth since Gucci's slump began.

Kering's own financial calendar lists its third-quarter 2026 revenue release for 22 October 2026 after market close, the group's next scheduled results after July's return to comparable growth.