KERING Group, the Vanguard of Luxury Elegance
Crafting Tomorrow’s Sustainability Legacy
Kering Group, the Custodian of Timeless Elegance and Innovation
Unveil the enthralling narrative of KERING Group, the iconic entity that has been molding the luxury domain through its illustrious brands for decades. Dive into its latest videos, and unearth the group’s unyielding quest for innovation and excellence across the fashion and luxury landscape.
Kering was founded in 1963 by François Pinault and headquartered in Paris. It is specializing in luxury goods such as jewelry, watches, designer bags, shoes, and clothing. Between 1994 and 2013, the group was named Pinault-Printemps-Redoute (PPR).
After publishing its 2016 sustainability report, Kering announced its new sustainability program, targeting a 40% reduction of its global environmental impact by 2025.
KERING Group, the vanguard of luxury elegance
What brands are in the Kering Goup?
Kering portfolio includes brands specialized in the design, the making and the sale of fine products, especially in the leather-goods, shoes, ready-to-wear, watches and jewelry sectors
How Has Kering Navigated the Tides of Luxury, Sustainability, and Finance?
As it sails the tempestuous seas of global finance, the resilience, and adaptability of KERING emerge, sketching a tale of elegance crafted through the lenses of sustainability and financial acumen
A Genesis Rooted in Luxury
KERING Group, a Paris-based multinational corporation, stands as a hallmark in the luxury goods sector. Birthed from the timber-trading company Pinault S.A. in 1962 by François Pinault, it transitioned into a luxury group in 1990, a vision carried forward today by François-Henri Pinault. Today, KERING’s portfolio gleams with prestigious brands like Gucci, Saint Laurent, Balenciaga, and Alexander McQueen, among others, embodying elegance and creativity in fashion, leather goods, and jewelry. This transition from timber to luxury illustrates a narrative of evolving vision, daring ventures into the elegance realm, and crafting legacies across decades.
Sustainability: The Modern Elegance
As modernity brings forth the urgencies of sustainable practices, KERING embraces this call with a distinctive 2025 Sustainability Strategy. With three core pillars—Care, Collaborate, and Create—the group strives towards reducing its environmental footprint by 40% by 2025. The milestones so far include a 14% reduction in environmental impacts and a significant 77% cut in greenhouse gas emissions from its operations between 2015 to 2018. Furthermore, aiming for a 40% cut in absolute greenhouse gas emissions by 2035 showcases KERING’s ambitious drive to meld luxury with responsibility, potentially setting new sustainability benchmarks in the luxury sector.
Navigating Financial Tides
The fiscal narrative of 2023 exhibits mixed hues for KERING Group. The first quarter saw a revenue of €5.077 billion, marking a 2% increase as reported, albeit with mixed performance anticipations. The third quarter brought about contrasting fortunes with a revenue dip to €4.464 billion, down 13% as reported, and a significant growth in Kering Eyewear’s revenue by 34%, showcasing the diverse revenue streams within the group.
While the financial year 2022 reflected a 15% revenue boost, the first half of 2023 observed a modest 2% increase, hinting at the intricate financial ballet KERING maneuvers amidst global market dynamics. Through these tides, the KERING narrative continues to unfold, weaving financial prudence with an undying quest for elegant luxury.
What are the latest videos from Kering?
Experience the fusion of tradition and modernity in luxury fashion through Kering’s latest videos.
More info about Kering Group
How has Kering Group expanded its portfolio of brands?
Kering embarked on a series of acquisitions that included eminent brands like Alexander McQueen, Saint Laurent, and Bottega Veneta. These acquisitions were not merely about increasing the brand count but were aimed at helping the acquired brands develop their own retail store networks and flourish under the Kering umbrella. This strategy was part of Kering’s vision to pair creative independence with the operational support necessary for the brands to focus on their core competencies.
Who owns the Kering Group?
The ownership of Kering Group is structured with a significant portion held by Artémis, the holding company controlled by the Pinault family, which owns 42% of Kering. The remaining share capital is distributed among institutional, individual, and employee shareholders.
Which companies are competitors of Kering Group?
Some of Kering Group’s competitors in the luxury sector include LVMH and Hermès, as indicated by their comparable sales growth and performance in the market. The competition is particularly notable in the first quarter of 2023, where LVMH and Hermès outperformed Kering Group in sales growth, showcasing the competitive nature of the luxury goods market.
What are the core values and vision that drive the Kering Group?
At the heart of Kering Group’s identity are its vision, ambition, and values. The group cherishes creativity, audacity, and diversity as the fuel for the success of its Houses (brands). The overarching vision is to redefine luxury as sustainable and influential, reflecting a blend of traditional elegance with modern responsibility.
What is the Kering Group’s approach towards sustainability?
Kering Group has adopted a robust sustainability framework called the Total Impact Measurement & Management, which is integrated into its business operations. This framework assists in understanding and managing the environmental impact of the group’s activities. The Sustainability Operations Director of Kering, Michael Beutler, has discussed how 75% of the environmental footprint comes from raw material production and processing, emphasizing the importance of sustainable practices in these areas.
Where is located kering headquarters?
Delve into the heart of luxury fashion at Kering Group’s headquarters located in Paris, France.