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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.
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.
Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. LVMH's Arnault, the L'Oréal heiress, the brothers behind Chanel, and Kering's founder all made bank.
The company was co-founded in 1982 by Nemir Kirdar, [9] Elias Hallak, Savio Tung, Mike Merritt, and Cem Cesmig and acquired Tiffany & Co in 1984, floating in 1987. [10] [11] In 1988, Maurizio Gucci sold almost 47.8% of Gucci to Investcorp, [12] and withheld the other 50% until 1993. [13] The company diversified in 1997 into hedge funds. [14]
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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 ...
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.
GUCCI’S BENEFITS: Italian unions are applauding Gucci‘s extension of a number of company benefits to three of its leather goods suppliers — GARPE, GPA and GT — based in the Tuscan region ...