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Kering (French:) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed, Maui Jim, and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
Gucci’s parent company, the French luxury company Kering, has experienced tumult in the last few years due to a pullback in spending. The company has issued multiple profit warnings as profits ...
The CEO, who is worth $213 billion, owns about 13% of the company's stock, making him its largest individual shareholder. Meta's share price is up over 70% this year thanks to its strong ad ...
The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of the booming global market in luxury goods.
The company is listed on the Euronext Paris exchange [57] and is a constituent of the CAC 40 index. As of 2009, the group employed more than 83,000 people, [ 58 ] 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide.
Maurizio Gucci (26 September 1948 – 27 March 1995) was an Italian businessman and the one-time head of the Gucci fashion house. He was the son of actor Rodolfo Gucci, and grandson of the company's founder Guccio Gucci. On 27 March 1995, he was shot and killed by a hitman hired by his former wife Patrizia Reggiani.
Polet spent most of his career at Unilever as the president of the ice cream and frozen foods division of the company prior to accepting the CEO position at Gucci.Due to the stark differences between the industries, when Polet took the reins of Gucci in July 2004, he was received with much skepticism and doubt in the fashion industry and was the target of several jokes in the media.
Gucci added a 209 Worth Ave. store and offices in the early 1970s and eventually expanded to a multi-store complex at 256 Worth Ave, rechristened the Gucci Building in 1974 with the company’s ...