ADVERTISEMENT

Last Updated:
2024-04-15 06:45:41

Kering

French luxury goods corporation
French luxury goods corporation

Kering, formerly known as Pinault-Printemps-Redoute, owns renowned luxury brands like Gucci and Yves Saint Laurent. François-Henri Pinault has been leading the company since 2005, with a revenue of €19.6 billion in 2023.

Community for Timeline Editors
Place where unique editors like you interact
1398
Kering's Commitment to Empowerment of Women

Kering has established initiatives like the Kering Foundation and the Chime for Change campaign to combat violence against women and raise awareness for disadvantaged women, reflecting the company's dedication to empowering women.

1881-06-24
Foundation of Kering Americas Inc

Kering Americas Inc was founded on June 24, 1881 and is headquartered in Paris, France.

1893
Boucheron opens shop on Place Vendôme

In 1893, Boucheron became the first jeweler to set up shop on Place Vendôme.

1952
Brioni stages first men's fashion show

Brioni makes its mark by staging the first men’s fashion show in 1952.

1962
Founding of Kering as Etablissements Pinault

Kering, originally founded in 1962 as Etablissements Pinault by Francois Pinault, started as a company involved in wood trade negotiation and construction materials. It later expanded through acquisitions and entered the retail distribution market.

1963
Kering Founded in Lumber Trade

Kering was established in 1963 with its roots in the lumber trade. It has evolved to become the world's second-largest luxury company, owning renowned brands like Gucci, Yves Saint Laurent, and Balenciaga.

1966
Saint Laurent moves headquarters to Paris

Saint Laurent moves its headquarters and showrooms to 37, rue de Bellechasse in Paris’ 7th arrondissement in 1966.

1988
Initial Public Offering of Pinault S. A.

In 1988, Pinault S. A. becomes a publicly listed company on the Paris Stock Exchange, marking a significant milestone in its corporate history.

1989
Acquisition of shares from CFAO

In 1989, Pinault S. A. acquires shares from CFAO, further expanding its business portfolio and influence in the market.

1990
Pinault SA Listed on Paris Stock Market

Pinault SA, later known as Kering, listed on the Paris stock market in 1988, raising capital for diversification.

1994
Formation of Pinault-Printemps-Redoute (PPR)

In 1994, Pinault-Printemps-Redoute (PPR) was established, signaling a transformation in the company's structure and operations.

1995
Inclusion in CAC 40

Since 1995, the group has been a part of the CAC 40, a key stock market index in France, highlighting its significance in the business world.

1999-01-05
LVMH Acquires 5% Stake in Gucci

On January 5, 1999, LVMH acquired a 5% stake in Gucci, initiating a fierce battle for control over the luxury brand with Pinault-Printemps-Redoute.

2000
Expansion of Kering's Portfolio with Yves Saint Laurent, Balenciaga, and Bottega Veneta

Following the acquisition of Gucci, Kering, formerly known as Pinault SA, expanded its portfolio by acquiring renowned fashion houses like Yves Saint Laurent, Balenciaga, and Bottega Veneta, transforming into a multi-brand luxury goods group.

2001-02
Gucci Group acquisition of Bottega Veneta

In February 2001, Gucci Group acquired a 66.7 percent stake in Bottega Veneta, and later in July 2001, increased its ownership to 78.5 percent in the Italian luxury goods and fashion house.

2002
Increase in stake in Gucci Group

The Group further raises its stake in the Gucci Group to 54.4%, showcasing its commitment to the luxury fashion conglomerate.

2003
Smooth Succession Planning at Kering

In 2003, founder Francois Pinault handed over the reins of Kering to his son and current CEO Francois-Henri Pinault in a smooth transition that happened over a weekend, allowing uninterrupted focus on the growth strategy of the group.

2004
Kering Acquires Pomellato and DoDo

Kering acquires the Italian jewelry manufacturers Pomellato and DoDo, renowned as two of the most innovative jewelry brands globally.

2005
Integration of Ulysse Nardin

Kering integrates Ulysse Nardin, a prestigious Swiss watch manufacturer, into its luxury brand portfolio.

2006
Acquisition of Balenciaga brand by Kering

In 2006, Kering purchased the Balenciaga brand from Jacques Bogart S.A. This marked the beginning of Kering's expansion into the luxury fashion sector.

2007
Yves Saint Laurent Acquisition

In 2007, Kering acquired the iconic French luxury fashion brand Yves Saint Laurent, further solidifying its presence in the high-end fashion market.

2008
Establishment of the Kering Foundation

In 2008, Kering established the Kering Foundation, focusing on women's empowerment and sustainability. This initiative showcased Kering's commitment to social responsibility.

2009
Establishment of Kering Foundation

The Kering Foundation, previously known as PPR Corporate Foundation for Women's Dignity and Rights, was created and financed by Kering in 2009.

2010
Kering Women in Motion Awards Winners

In 2010, Sakina M’Sa, Maria-Teresa Leal, and Anne Roos-Weil were selected as the winners of the Kering Women in Motion Awards for their projects benefiting women, families, and communities. Each winner received 15,000 euros and mentoring from a Kering staff member.

2011
Kering's Majority Stake in Sowind Group

In 2011, Kering acquired a majority stake in Sowind Group, the owner of watchmakers Girard-Perregaux and Jeanrichard. This move solidified Kering's position in the luxury watch industry.

2012
PPR rebrands as Kering

In 2012, PPR changed its name to Kering, marking a significant shift in the company's identity and branding.

2013-01
Acquisition of Christopher Kane

In January 2013, Kering acquired a 51 percent stake in the London-based designer Christopher Kane's eponymous label, founded in 2006.

2013-03
PPR Changes Name to Kering

In March 2013, PPR rebranded itself as Kering.

2013-09
Kering Minority Stake in Altuzarra

In September 2013, Kering took a minority stake in the American luxury women’s brand Altuzarra, known for its ready-to-wear and accessories. Altuzarra was founded in 2008.

2013-11
Kering and Tomas Maier Joint Venture

In November 2013, Kering and Tomas Maier, the Creative Director of Bottega Veneta, announced a joint venture. Tomas Maier, known for his eponymous label, collaborated with Kering for this venture.

2014
Kering acquires Ulysse Nardin

In 2014, Kering purchased the Swiss luxury watch brand Ulysse Nardin, which has a heritage of 171 years in haute horlogerie.

2014-12
Alessandro Michele Named PPR's Creative Director

In December 2014, Alessandro Michele, a long-time accessories designer at Gucci, was appointed as the creative director of PPR.

2015-05
Kering Name Change and Brand Platform

In May 2015, Kering underwent a name change to signify a shift towards a consolidated and unified positioning, moving away from its legacy image as a financial organization that grew through acquisitions. The new name aimed to convey the concept of 'caring' for its brands and people, reflecting a broader value system and brand platform.

2015-10
Demna Gvasalia Becomes Creative Director of Balenciaga

In October 2015, Kering appointed Georgian-born designer Demna Gvasalia as the creative director of Balenciaga.

2016
Establishment of new headquarters in Paris

In 2016, Kering relocated its headquarters to Paris, marking a significant move for the luxury conglomerate. The new headquarters likely symbolized the company's commitment to its French heritage and presence in the fashion capital.

2017
Renovation of House Boucheron

To commemorate the 160th anniversary of the House of Boucheron, a significant renovation project was initiated at 26 Place Vendôme in Paris, the historical location of the jeweler. The iconic boutique was set to reopen in 2019.

2018-01
Kering's Decision to Spin Off Puma

In January 2018, Kering announced plans to spin off the German sports brand Puma to its shareholders in order to focus on its luxury brands. This strategic move was aimed at dedicating the company entirely to the development of its luxury houses.

2018-06
Christopher Kane and Kering Collaboration

In June 2018, Kering announced discussions with Mr. Christopher Kane about the conditions for the British designer to regain full control of his brand. Both parties aim for a smooth transition while continuing their collaboration.

2019-03
Kering Website Revamp and Social Media Engagement

In March 2019, Kering revamped its website to highlight financials, sustainability, and corporate information, while also increasing its presence on Instagram to communicate strategic initiatives. This move reflects Kering's adaptation to the digital age and emphasis on corporate transparency.

2019-04
Sale of Volcom to Authentic Brands Group

In April 2019, Kering confirmed the completion of the sale of its U.S. sports and lifestyle brand Volcom to Authentic Brands Group. This move was part of Kering's strategic decision to focus on the development of its Luxury Houses.

2020-06
End of Joint Venture with Yoox Net-A-Porter

Kering gained full control of its e-commerce operations after ending its joint venture with online fashion retailer Yoox Net-A-Porter in June 2020. This move allows Kering to have more autonomy in its online retail strategies.

2020-11
Evolution of Kering as a Global Luxury Brand Company

Kering, founded in 1962 by Francois Pinault, evolved from a wood trade and construction materials company to one of the world's largest luxury goods holding companies. Headquartered in Paris, France, Kering is known for its sustainability initiatives in the luxury industry under the leadership of CEO Francois-Henri Pinault.

2021-03
Kering Invests in Vestiaire Collective

In March 2021, Kering disclosed that it had acquired a 5 percent stake in Vestiaire Collective, a secondhand marketplace, as part of a $216 million funding round led by Kering and Tiger Global Management.

2021-06
Kering acquires LINDBERG

In June 2021, Kering announced the acquisition of Danish eyewear brand LINDBERG, marking a significant step in the expansion of Kering Eyewear. The details of the deal were not made public.

2022
Kering renouncing fur

Starting with the Fall 2022 collection, Kering Group announces the decision to stop using animal fur and emphasizes strict adherence to animal welfare standards for other animal materials.

2023-12-11
The History of Kering

An article about the history of Kering, a fashion conglomerate, published on glamobserver.substack.com on December 11, 2023.

2024-04-19
On-Demand Manufacturing Provides a Blueprint for the Wasteful Fashion Industry

Valérie Moatti's article on April 19, 2024, highlighted the benefits of on-demand manufacturing as a solution to the wasteful practices in the fashion industry.

2025
Kering's Environmental Goals for 2025

Kering aims to reduce its Environmental Profit & Loss account by 40% and carbon emissions by 50% by 2025 through sustainable design and innovative practices.

End of the Timeline
Kering

Information

Kering

French luxury goods corporation
Last Updated:

🫵Contribute to this content!
Your input benefits people around the world
See something to add or edit? Simply click the edit button below to make a difference! All you need is a quick sign in.
💬Join our discord community!
Connect and collaborate
Become part of our vibrant community! Share your thoughts, ask questions, and connect with other passionate editors.
Join Discord

Event

Last Updated:

🫵Contribute to this content!
Your input benefits people around the world
See something to add or edit? Simply click the edit button below to make a difference! All you need is a quick sign in.
💬Join our discord community!
Connect and collaborate
Become part of our vibrant community! Share your thoughts, ask questions, and connect with other passionate editors.
Join Discord
Become an Editor of Timeline Wiki
Become an Editor of
Timeline Wiki
USD $0 for creating and editing infinite number of timelines after sign up.