Kering
French multinational corporation
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June 2025 | Luca de Meo was appointed as the new chief executive, set to begin on September 15, 2025, succeeding François-Henri Pinault. |
2024 | Sales slightly decreased to €17,194 million, but remained strong compared to earlier years. |
2024 | Kering reported a group revenue of €17.2 billion, demonstrating its significant growth and success in the luxury goods market. |
May 2024 | Partnered with the National University of Singapore to create a tool for measuring environmental impact of companies in the Asia-Pacific region. |
2023 | Kering experiences a 4% decline in annual revenue to 19.6 billion euros. The company acquires the fragrance company Creed, purchases 30% of Valentino, and launches Kering Beauté to manage in-house beauty product development. |
2022 | Created the Climate Fund for Nature to finance nature conservation and restoration initiatives. |
2022 | Gucci reaches ten billion dollars in sales, and Kering divests its entire watch division (Girard-Perregaux and Ulysse Nardin). The company also acquires the eyewear brand Maui Jim. |
2021 | Launched the Regenerative Fund for Nature to finance the transition to regenerative farming practices. |
2021 | Announced that all fashion brands would phase out fur by the end of 2022. |
2021 | Kering acquires the eyewear brand Lindberg, expanding its eyewear division. |
2020 | The company reported sales of €13,100.2 million during a challenging global pandemic year. |
2019 | Women in Motion program was extended to the Rencontres d'Arles photography festival and the Tokyo Film Festival. |
2019 | Kering Foundation expanded violence prevention actions to include combating violence against children. |
2019 | Yves Saint Laurent reaches two billion dollars in sales and Kering divests from Christopher Kane. |
2018 | Kering achieved a significant financial milestone with net results of €3,714.9 million, representing a substantial increase from previous years. |
2018 | Kering divests its interests in Stella McCartney, reducing its brand portfolio. |
2015 | Kering became an official partner of the Cannes Film Festival and launched the Women in Motion diversity program. |
2015 | The group released its first environmental profit and loss account (EP&L). |
2014 | Kering creates its own eyewear production arm, Kering Eyewear, expanding its business portfolio. |
2013 | Kering acquired Ginori 1735 (formerly Richard Ginori), an Italian porcelain and ceramics brand. |
March 2013 | PPR changed its corporate name to Kering, marking the beginning of the company's luxury-focused strategy. |
March 2013 | PPR changes its corporate name to Kering, marking the beginning of the company's strategic repositioning as a luxury group. |
2012 | Kering expanded its portfolio with three acquisitions: Qeelin (a Chinese brand), Pomellato and Dodo (both Italian jewelry brands). |
2012 | Bottega Veneta reaches one billion dollars in sales, establishing itself as a 'quiet luxury' icon. |
2011 | Kering acquired Brioni, an Italian luxury menswear brand. |
2010 | Sales further dropped to €11,008 million, indicating continued financial challenges. |
This contents of the box above is based on material from the Wikipedia article Kering, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.