Kering (EPA: KER) is a publicly listed company headquartered in Paris, France that owns 10 consumer brands across 2 categories, and has 5 recorded transactions.[1]
Kering began in 1963 as a timber business founded by François Pinault, became the retail group Pinault-Printemps-Redoute, and transformed into a luxury group, taking the Kering name in 2013. The Pinault family holding Artémis controls it.
Kering acquired thirty per cent of Valentino from the Qatari fund Mayhoola for €1.7 billion, with an agreement that could take it to full ownership by 2028. It is a minority stake, so Kering does not control Valentino, and the brand record here says so.
Kering acquired a majority of the Milanese jeweller Pomellato, which had applied ready-to-wear thinking to fine jewellery by making pieces in series rather than one at a time. The price was not disclosed.
Gucci bought the Florentine porcelain house Richard Ginori out of insolvency, keeping a manufacturer that had operated since 1735 from being broken up. It is the only tableware business in a group otherwise built on fashion and jewellery.
Kering acquired Qeelin, a Hong Kong fine jewellery house drawing on Chinese symbolism. It was the group's first purchase of a Chinese luxury brand, made as Chinese demand was reshaping the industry. The price was not disclosed.
PPR, which became Kering, acquired the Roman tailoring house Brioni. It was the group's move into high-end menswear, a category its luxury rivals had largely left alone. The price was not disclosed.