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 […]
Balenciaga Names Nathalie Raynaud Deputy CEO
Balenciaga Names Nathalie Raynaud Deputy CEO Balenciaga, the renowned fashion house under the Kering umbrella, is making waves in the industry once again with the announcement of Nathalie Raynaud as its new Deputy CEO. This strategic move comes as the brand gears up to embark on a new chapter under a fresh designer, signaling a […]
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs Lab-grown leather has been making waves in the fashion industry due to its sustainable and cruelty-free nature. In a significant development, Faircraft, a promising startup in this sector, has recently acquired VitroLabs, a company backed by the luxury giant Kering. This acquisition marks a pivotal moment in the […]
Will Gucci’s Demna Strategy Work?
Will Gucci’s Demna Strategy Work? When Kering, the luxury fashion conglomerate, announced its decision to appoint Demna Gvasalia, the creative genius behind Balenciaga, as the new creative director of Gucci, the fashion world was sent into a frenzy. The move was seen as a bold and risky strategy by many, considering Gucci’s status as one […]
Kering Shares Plunge 12% After Gucci’s Demna Appointment
Kering Shares Plunge 12% After Gucci’s Demna Appointment Kering, the renowned luxury goods company, recently experienced a significant setback as its shares plummeted by 12% following the announcement of Demna Gvasalia’s appointment as the new creative director of Gucci. This unexpected news sent shockwaves through the industry and sparked controversy on social media platforms, leading […]