Balenciaga Cuts Ties With Ye In a surprising turn of events, luxury fashion house Balenciaga, owned by parent company Kering, has officially announced the termination of its relationship with the controversial artist known as Ye. The decision, as communicated by Kering, signifies a definitive end to any existing partnerships and rules out the possibility of […]
‘Transform or Die’: Can a Turnaround Expert Turn Kering Around?
“Transform or Die”: Analyzing the Potential Impact of Luca De Meo as Kering’s New CEO In the fast-paced world of business, the ability to adapt and evolve is often the difference between success and failure. This sentiment rings especially true for luxury fashion conglomerate Kering, which has recently found itself at a critical crossroads. With […]
As Kering’s Fashion Cools, Pomellato Heats Up
As Kering’s Fashion Cools, Pomellato Heats Up The luxury goods market has been facing a slowdown in recent times, with consumers becoming more cautious about their spending habits. However, amidst this challenging landscape, Milanese jeweler Pomellato seems to be defying the odds and emerging as a shining star. While other fashion houses under the Kering […]
Why Kering Picked a Fashion Outsider to Be Its Next CEO
Why Kering Picked a Fashion Outsider to Be Its Next CEO In a bold move that has surprised many in the fashion industry, Kering, the luxury conglomerate behind iconic brands such as Gucci and Saint Laurent, has announced its decision to appoint Luca de Meo as its next CEO. What makes this decision particularly noteworthy […]
Kering Shares Surge as Renault CEO Set to Join for Turnaround
Kering Shares Surge as Renault CEO Set to Join for Turnaround French luxury group Kering is making headlines as its shares experience a significant surge following reports that Luca de Meo, the current CEO of Renault, is set to join the company in the coming days. This move comes as Kering looks to navigate a […]
Report: Kering to Name Renault Boss Luca de Meo CEO
Report: Kering Set to Appoint Renault Boss Luca de Meo as CEO French luxury conglomerate Kering is gearing up for a significant leadership change in response to a recent downturn in its share value, as reported by Le Figaro. The decision to name Luca de Meo, the current head of Renault, as the new CEO […]
Kering Acquires Lens Maker Lenti in Eyewear Push
Kering Acquires Lens Maker Lenti in Eyewear Push Kering, the renowned luxury group, has once again made headlines with its recent acquisition of the Italian lens manufacturer, Lenti. This strategic move is aimed at further strengthening Kering’s industrial platform within the high-end eyewear sector, solidifying its position as a key player in the competitive market. […]
Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
Gucci Owner Kering Considers Selling Stake in $1 Billion Fifth Avenue Property The Italian luxury conglomerate, Kering, known for its high-end fashion brands such as Gucci and Saint Laurent, is making waves in the business world once again. According to sources, Kering is in talks to sell a stake in a prestigious Fifth Avenue building […]
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem In the world of luxury fashion, few brands command the same level of prestige and influence as Gucci, a powerhouse under the umbrella of the French conglomerate Kering. However, in recent years, Kering’s heavy reliance on Gucci for the majority of its profits has raised […]
Kering Facing Drop in US Consumption, CEO says
Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]