Kering is a global luxury group based in Paris, France. It is one of the world’s largest and most influential luxury goods conglomerates, specializing in fashion, leather goods, jewelry, and watches. Founded in 1963 by François Pinault, the company initially started as a wood and building materials business before shifting its focus to the luxury sector in the late 1990s. The transformation was led by François-Henri Pinault, the son of the founder, who became the CEO in 2005.
Key Brands and Operations
Kering owns and operates several high-end brands, including:
- Gucci: An Italian luxury fashion house known for its leather goods, fashion, and accessories.
- Saint Laurent: A French fashion house celebrated for its sleek, modern aesthetic and ready-to-wear collections.
- Bottega Veneta: Renowned for its craftsmanship and understated luxury, particularly its woven leather products.
- Balenciaga: A fashion house known for its innovative designs and streetwear-inspired luxury.
- Alexander McQueen: A British luxury brand famous for its theatrical and avant-garde fashion.
- v, and DoDo: Jewelry brands offering a range of fine jewelry, from classic to contemporary designs.
- Ulysse Nardin and Girard-Perregaux: Swiss watchmakers known for their high-precision timepieces.
Sustainability and Innovation
Kering has a strong commitment to sustainability and innovation in the luxury industry. The company aims to lead by example, promoting sustainable business practices, reducing its environmental footprint, and supporting initiatives that protect biodiversity. Kering publishes an annual sustainability report and has set ambitious goals to become carbon-neutral and use 100% sustainable raw materials.
Kering is publicly traded on the Euronext Paris stock exchange. It has experienced significant growth, driven by strong performances from its flagship brands, particularly Gucci and Saint Laurent. The company reported a revenue of over €17 billion in 2022, reflecting its strong market position in the global luxury sector.
Corporate Social Responsibility
Kering places a high emphasis on corporate social responsibility (CSR) and has developed initiatives focused on gender equality, diversity, and inclusion within its workforce. The group also supports various cultural and artistic projects through the Kering Foundation, which focuses on combating violence against women and promoting women’s rights globally.
In summary, Kering is a leading player in the luxury industry, known for its prestigious brands, commitment to sustainability, and innovation. Its portfolio spans fashion, jewelry, and watches, catering to high-end consumers world.
