Reported about 20 hours ago
Kering, the luxury fashion group known for Gucci, has a rich history marked by significant milestones such as its founding in 1962 by Francois Pinault, the transformation from PPR to Kering in 2013, and key acquisitions including Balenciaga and Brioni. Recent changes involve leadership reshuffles to revive Gucci amidst challenges, highlighted by strategic acquisitions and exits of key designers. Tensions in profit margins, particularly with Gucci, have sparked investor concerns as Kering navigates its identity in a shifting market.
Source: YAHOO