Kering (French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent.
1999: Yves Saint Laurent – The fashion house, founded in 1961 by Yves Saint Laurent and his partner, Pierre Berge, was acquired by the Gucci Group in 1999. The Gucci Group purchased Sanofi Beaute, owner of the Yves Saint Laurent brand, from PPR, which had purchased it 5 years earlier, for about $1 billion.
The luxury brands owned by the group include Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, and Yves Saint Laurent. The company also owns shares of the famous German sports brand, Puma.
Gucci is a subsidiary of the French luxury group Kering.
Gucci is owned by the French holding Kering, which completed its buyout of Gucci in an $8.8 billion deal in 2004. Artémis is the investment company of the Pinault family. Founded in 1992 by François Pinault, Artémis is the leading shareholder in Kering, which owns Gucci.
Kering (French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. Kering S.A. Pinault S.A.
LVMH, a global leader in luxury goods, sought to expand its portfolio by acquiring Gucci, a prestigious Italian fashion brand with a rich heritage. The takeover bid aimed to merge the two brands and create a global luxury behemoth. However, Gucci was determined to maintain its independence and identity.
Currently, Gucci is owned by the French luxury group Kering. In addition to Gucci, Kering and its proprietor Francois Pinault also own Yves Saint Laurent, Balenciaga, and Alexander McQueen.
YSL and Saint Laurent both have their own logo variations, but it is the same brand. The difference is the luxury fashion branch of the brand is officially called Saint Laurent Paris.
2000 to present. In February 2001, Gucci a subsidiary of Kering, acquired Bottega Veneta for $156 million. The following May, Patrizio di Marco was appointed CEO, and in June Tomas Maier creative director. Vogue coined the term “stealth wealth” to describe the brand's new style.
Yes, YSL bags and accessories are indeed cheaper in Europe, including Paris. On average, an Saint Laurent handbag is at least 20% cheaper in Europe. This is just taking into account the retail price, not the VAT refund, which means the prices in Paris would be even lower for an American tourist.
Differences between YSL and Gucci
YSL is known for its modern, edgy designs that push boundaries, while Gucci is known for its bold, eclectic, and often whimsical aesthetic. YSL's bags tend to be more structured and minimalist, while Gucci's bags are often adorned with embroidery, embellishments, and prints.
When Dior died in 1957, Saint Laurent became his successor and the world's youngest couturier at the age of 21.
In December 2001, LVMH bought Prada's stake, increasing its share in Fendi to 51 percent. LVMH further increased its ownership stake to 84 percent in February 2003. 2001: DKNY – In 2001, LVMH acquired an 89 percent stake in the New York-based brand, which was founded in 1984.
With 82 locations in the U.S. alone, it's easy to think of Zara as its own corporation. The fast fashion chain, however, is owned by Inditex, a Spanish clothing company that also owns Massimo Dutti, Pull & Bear, and Bershka.
Gucci is owned by the French holding company Kering, which purchased an $8.8 billion stake in the iconic Italian fashion brand in 2004.
Burberry Taps Heritage to Become a British LVMH.
Arnault is France's -- and Europe's -- richest man and CEO of the world's biggest luxury group, LVMH, the owner of iconic fashion houses Louis Vuitton and Christian Dior. Pinault founded the world's second-biggest, Kering, formerly PPR, that acquired rival brand Saint Laurent in a face-off.
YSL brand is a high-fashion house founded by Yves Saint Laurent – one of the most celebrated fashion designers of the 20th century. His authentic and seductive style has gained immense popularity among the true fashion lovers, who consider him the most influential European fashion designer of the modern era.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died. The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997.
In 1993 Maurizio sold his shares to Investcorp, ending the Gucci family's involvement in the company. His divorce from Patrizia was finalized in 1994; he was shot outside of his office the following year.
However, by 1993, Maurizio's excessive spending and the company's outstanding debts forced him to sell his 50% percent stake to the business' investors, ending the Gucci family's ownership and control of the brand.