Kering
This coverage focuses on Kering’s strategic direction and performance within the UK retail sector. Reporting includes brand developments, financial results, leadership changes, and market trends — all analysed for their impact on luxury retail operations and market positioning. The content is tailored for retail executives, brand managers, and professionals overseeing operations in the premium and luxury retail segments.
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Oct- 2023 -26 OctoberNews
Today’s news in brief-26/10/23
Majestic Wines has marked a significant milestone by opening two new stores in one week, a feat not accomplished in a decade. The first store, located in Chippenham, was reopened four years after its closure by previous management. The second, the largest in Wales, is the second-largest in the company’s…
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26 OctoberLuxury Goods
Kering Q3 revenues fall 13% amid cooling luxury demand
Kering Group, the owner of luxury brands Gucci, Yves Saint Laurent and Bottega Veneta, revealed that group revenues were down 13% to €4.5bn (£3.9bn) in Q3. This comes as the group’s revenues from its directly operated retail network fell 6% on a comparable basis, reflecting lower traffic and contrasted performances…
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Jul- 2023 -31 JulyPeople Moves
Kering appoints Armelle Poulou as CFO
Kering has announced the appointment of Armelle Poulou as its new chief financial officer, effective September 1, 2023. Poulou joined the Group in 2019 and is currently director of Corporate Finance, Treasury and Insurance. She is a graduate of HEC Business School in 1993, and has successively held a range…
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28 JulyNews
Kering acquires 30% stake in Valentino
Luxury fashion house Kering has entered into a binding agreement for the acquisition of a 30% shareholding in Valentino, for a cash consideration of €1.7bn (£1.4bn). The agreement comprises an option for Kering to acquire 100% of the share capital of Valentino no later than 2028. The transaction is part…
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19 JulyPeople Moves
Gucci CEO Marco Bizzarri to step down
Marco Bizzarri, president and CEO of Gucci since 2015 and a member of Kering’s executive committee since 2012, is set to stand down from his position, effective 23 September 2023. It comes as Kering, which owns the Gucci brand, announced a series of appointments aimed at strengthening the organisation. Jean-François…
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May- 2023 -5 MayPeople Moves
Stone Islands appoints Robert Triefus as CEO
Moncler Group and Sportswear Company S.p.A., the company that develops, produces, and distributes the Stone Island brand, has announced the appointment of Robert Triefus as chief executive officer, effective 1 June, 2023. Triefus will report to the board of directors of Sportswear Company S.p.A. chaired by Carlo Rivetti. Triefus joins…
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Apr- 2023 -27 AprilNews
Kering Q1 revenues hit €5bn amid ‘mixed’ results
Luxury goods company Kering has reported revenues of €5bn (£4.4bn) in its first quarter, up 2% on a reported basis and 1% on a comparable basis, though warned its overall performance remains “mixed”. Gucci sales in the directly operated store network grew 1% on a comparable basis relative to the…
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24 AprilLuxury Goods
Kering set to pay £13m rent for Bond Street store
Luxury retailer Kering is set to pay £13m or more per year for a new Yves Saint Lauren store on Bond Street, according to the Sunday Times. This figure of £13m is thought to be a UK record surpassing the £11m paid by Ralph Lauren for its Bond Street store…
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Mar- 2022 -22 MarchLuxury Goods
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May 2022. In his new role, Testa will report to François-Henri Pinault, the chairman of Kering, and his goal is to accelerate the expansion of the British luxury house to “tap…
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Feb- 2022 -18 FebruaryLuxury Goods
Kering hails ‘record’ revenues of €17.64bn
Kering has reported “record” revenues of €17.64bn (£14.72bn) in FY21, up 35% year-on-year from €13.1bn (£10.93bn) and up 13% from pre-Covid levels of €15.88bn (£13.25bn), with growth across all houses within the company and across all regions. Additionally, Kering achieved “record” operating income, growing 60% year-on-year to €5.01bn (£4.18bn), up…
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