Turnover: 20.3 billion EUR (2022)

Country: France

A global luxury group, Kering brings together and develops a range of iconic brands in fashion, leather goods, jewelry and watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin, Girard-Perregaux and Kering Eyewear.

T

News

Gucci: a challenge for Kering 08/01/2024

  • Gucci, Kering's flagship brand, guarantees two thirds of the group's profits.
  • Kering acquired a 30% stake in Valentino.
  • Kering also bought Creed perfumes.
  • Balenciaga, one of Kering's brands, has been in difficulty since November 2022

Kering announces the creation of a Beauty division 04/02/2023

  • Beauty Division to develop cosmetics and perfumes, a "strategic" sector for the Group
  • The creation of Kering Beauté will enable the Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin brands to expand in the beauty sector.
  • This division does not include the Gucci brand or Yves Saint Laurent (YSL).
  • The license for Gucci's beauty activities is held by the American group Coty "for at least five years".

How Kering is planning its comeback in cosmetics 02/01/2023

  • Tom Ford bought by Estée Lauder for $2.3 billion
  • Disappointment for Kering over Coty's management of Gucci fragrances
  • Kering could recover the Gucci license within a few years and buy fragrances not linked to the group
  • Reclaiming the cosmetics license from Yves Saint Laurent, its second-largest brand in terms of ready-to-wear and leather goods sales, is impossible

Kering sales almost doubled in the second quarter 27/07/2021

  • 4.16 billion euros in sales between April and June 2021
  • Second-quarter sales almost doubled
  • Gucci accounts for 76% of Kering's operating profit
  • Gucci (50% of Kering sales) sales up 86% in second quarter 2021
  • Strong recovery in North America and Asia

Kering relaunches Gucci for the brand's centenary in 2021 17/02/2021

  • Luxury goods industry penalized by store closures during health crisis
  • In 2020 Kering's total sales down 5% to 4 billion euros
  • Kering suffered from the slowdown of Gucci, which accounts for 60% of its sales
  • The group saw its online sales jump by 67.5% in 2020. This channel accounts for 13% of total sales by the directly-operated network, compared with 7% a year earlier

Financial Data

DUNS: 552075020

Legal Name: KERING

Address: 40 RUE DE SEVRES , 75007 PARIS 7

Number of employees: Entre 500 et 999 salariés (2020)

Capital: 496 283 112 EUR


Financial Data:

Year 2020 2019 2018 2015
Turnover - - - 105 000 000
Gross margin (€) 432 000 000 440 400 000 366 400 000 -
EBITDA (€) -27 000 000 -44 700 000 -35 300 000 -
Operating profit (€) -27 000 000 -44 700 000 -35 300 000 -
Net profit (€) 2 079 600 000 917 700 000 1 656 600 000 527 000 000
Turnover growth rate (%) - - - -
Ebitda margin rate (%) - - - -
Operating margin rate (%) - - - -
Working Capital (turnover days) - - - -
Working Capital requirements (turnover days) - - - -
Net margin (%) - - - -
Added value / Turnover (%) - - - -
Wages and social charges (€) - - - -
Salaries / Turnover (%) - - - -

Company Managers:

Position First Name Last Name Age Linkedin
Président du conseil d'administration,Directeur général Francois Jean Henri Pinault 61
Administrateur Baudouin Prot 72
Administrateur Jean-Pierre Denis 63
Administrateur Daniela Riccardi 63
Administrateur Emma Watson 33
Administrateur Tidjane Thiam 61
Administrateur Véronique Lebey 64
Administrateur Yonca Dervisoglu 54
Administrateur Serge Weinberg 73
Directeur général délégué,Administrateur Jean-François Palus 62
Administrateur représentant les salariés Concetta Battaglia 55
Commissaire aux comptes suppléant Emmanuel Benoist 49
Administrateur représentant les salariés Vincent Schaal 55

Studies mentioning this company

The leather goods market - Italy

Other companies mentioned:

The luxury leather goods market - Italy

Other companies mentioned:

The luxury women's clothing market - Italy

Other companies mentioned:

> Besoin de plus d'information sur cette entreprise (SWOT, PESTEL, son marché) ? Demandez à SectorGPT (gratuit)

 

Ask Sector-GPT  

Sector-GPT est la première IA dédiée aux informations sectorielles.