Kering Eyewear, part of the French luxury conglomerate Kering Group, announced on March 13 it has acquired a 100-percent stake in French company UNT (Usinage and Nouvelles Technologies), as it looks t…
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Kering reports 2022 group revenue up despite a mixed fourth quarter
Presenting its 2022 full-year results on February 15, Kering disclosed its group revenue exceeded EUR 20 billion in 2022, up 15 percent as reported and 9 percent on a comparable […]…
Raffaella Cornaggia appointed chief executive officer of Kering Beauté
French conglomerate Kering announced on February 3 the appointment of Raffaella Cornaggia to the role of CEO of Kering Beauté, a newly created role for the luxury company.…
Kering reports revenue growth in Q3 2022
Kering Group’s revenue in Q32022 was up 23 percent as reported and up 14 percent on a comparable basis compared to the third quarter of 2021. Versus the third quarter of 2019, comparable revenue was u…
Kering issues “anti-greenwashing” guidelines
Kering, the owner and managing company of various luxury retailers including Gucci, Bottega Veneta, Saint Laurent, and Balenciaga has recently instituted internal guidelines against greenwashing initi…
Kering first-half profits hit new record on strong Q2 sales, Asia stabilises
Kering Group announced that revenues for the first half of 2022 increased by 16%, on the back of a 20 percent uptick in company sales for the second quarter ending 30th June.…
Kering Q1 sales down seven percent in Asia-Pacific as Japan remains flat
On 21st April, French luxury group Kering Group announced a 27 percent sales uptick for its recently ended first quarter, a growth rate partially slowed by stagnant revenues in Japan and a quarterly …
Kering names new CEO of Alexander McQueen
On 21st March, French luxury group Kering announced the appointment of Gianfilippo Testa as CEO of Alexander McQueen, effective from May, 2022. He will report to François-Henri Pinault, CEO of Kering.…
Kering scores record sales growth in 2021, Gucci and Saint Laurent remain strong
French luxury group Kering announced on 17th February record annual revenues of €17.02 billion (US$ 19.3 billion) in 2021, up 35 percent on a reported basis compared to 2020, and up 13 percent compare…
Kering announces sale of Girard-Perregaux and Ulysse Nardin divisions
On 24th January, Kering announces the signature of an agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current…