World Footwear

Kering

Kering reorganizes its logistics process

Apr 12, 2021 / Italy
The group's new global logistics hub is located in Trecate (Novara, Piemonte), Northern Italy. The first part of the building has been operating since March 2020. The rest should be operational by the end of the second quarter 2021

Kering sponsors renovation of the courtyard of the Palazzo Vecchio in Florence

Mar 19, 2021 / Italy
The France-based holding company Kering is sponsoring the renovation of the Michelozzo courtyard of the Palazzo Vecchio in Florence, an important symbol of the Renaissance capital

Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management

Kering with sales slowdown

Feb 17, 2021 / France
Quarterly revenue at the French-based luxury group was down by 4.8% on a comparable basis to 4 billion euros, while sales at Gucci, the main segment of the Kering's revenue, contracted by 10.3% to 2.3 billion euros

Alibaba and Richemont invest in Farfetch

Nov 6, 2020 / China
Hangzhou-based e-commerce business Alibaba and Swiss-based luxury goods conglomerate Richemont SA will invest 1.1 billion US dollars (0.93 billion euros) in online luxury fashion retailer Farfetch and its new Chinese market operations

Kering overcomes expectations despite 4.3% sales decline

Oct 23, 2020 / United States
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance

Kering sells 5.9% stake in Puma

Oct 8, 2020 / Germany
The French luxury group announced the launch of the sell-down of approximately 8.8 million shares that it owns in Puma SE, representing approximately 5.9% of the share capital of the sportswear brand

Kering with double-digit drop in revenue

Jul 30, 2020 / France
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced

Kering announces new additions to the Board of Directors and publishes Biodiversity Strategy

Jul 6, 2020 / France
Kering’s shareholders have approved the appointment of Ms. Jean Liu, Mr. Tidjane Thiam and Ms. Emma Watson as Directors during their Annual General Meeting. The luxury group also published its biodiversity strategy and announces its targets

Gucci is going seasonless

May 27, 2020 / Italy
The announcement was made by Alessandro Michele, the brand’s Creative Director, using Gucci’s Instagram page

Kering donates 2 million euros to hospitals

Mar 19, 2020 / France
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak

Institut Français de la Mode inaugurated IFM - Kering Sustainability Chair

Nov 25, 2019 / France
The event was attended by François-Henri Pinault, Chairman and CEO of Kering and Xavier Romatet, Dean of IFM

Kering with 14.2% revenue's growth

Oct 30, 2019 / France
The luxury house posted consolidated revenue of 3 884.6 million euros in the third quarter, corresponding to 14.2% growth

Kering: another step away from Puma

Oct 8, 2019 / France
Kering launches an offering of bonds exchangeable into existing ordinary shares of Puma due 2022 for a nominal amount of 500 million euros. Another step by Kering to reduce its remaining stake in Puma

Kering appoints new Chief Diversity, Inclusion and Talent Officer

Oct 1, 2019 / France
According to the group the appointment of Kalpana Bagamane Denzel as Chief Diversity, Inclusion and Talent Officer signals a new stage in Kering’s determined action in support of diversity
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