Inside Kering’s Changing of the Guard French luxury conglomerate Kering, known for its iconic brands such as Gucci, Saint Laurent, and Balenciaga, is undergoing a significant leadership transition. Earlier this year, Marco Bizzarri stepped down as the CEO of Gucci, a key brand under the Kering umbrella, and was replaced by Jean-Marc Duplaix. This move […]
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
In a strategic move to address its debt challenges, Kering SA, the luxury conglomerate known for brands like Gucci, is preparing to finalize a significant investment deal expected to close in early 2025. This deal will establish a new entity to manage Kering’s extensive real estate portfolio, valued at approximately €4 billion ($4.2 billion), encompassing […]