The Pinault family is the main shareholder behind the Kering Group luxury empire, with a stake of 41.7%, valued around €30 billion, thus $32-33 billion. The Kering Group owns iconic brands like Gucci, Yves Saint Laurent, and Bottega Veneta.
Category
Details
Full Name
François-Henri Pinault
Date of Birth
May 28, 1962
Place of Birth
Rennes, France
Nationality
French
Education
HEC School of Management, Paris (HEC Paris)
Early Career
Various positions within the Pinault Group, including at CFAO and Conforama
Major Companies Founded
Kering (formerly PPR, Pinault-Printemps-Redoute)
Positions
Chairman and CEO of Kering, Chairman of Groupe Artémis
Net Worth
Estimated over $30 billion
Business Milestones
– 2005: Became Chairman and CEO of PPR (now Kering), transforming the company from a retail-focused business into a global luxury group. – 2006: Acquired the luxury brand Balenciaga, strengthening Kering’s portfolio in high fashion. – 2007: Acquired a majority stake in the jewelry brand Boucheron, expanding Kering’s presence in the luxury jewelry market. – 2011: Completed the acquisition of the Italian luxury brand Brioni, further diversifying Kering’s luxury offerings. – 2013: Rebranded PPR to Kering, reflecting the company’s focus on luxury brands and commitment to sustainability. – 2018: Led the decision to spin off and distribute Puma shares to Kering shareholders, focusing Kering’s business solely on luxury brands. – 2019: Announced significant sustainability goals, including carbon neutrality across the group, solidifying Kering’s reputation as a leader in sustainable luxury. – 2020: Continued to drive digital transformation and innovation within Kering, enhancing the online presence of its luxury brands. – 2021: Acquired a stake in the luxury resale platform Vestiaire Collective, reflecting Kering’s commitment to sustainability and the circular economy. – 2022: Kering reported strong financial performance, with significant growth in key brands like Gucci, Yves Saint Laurent, and Bottega Veneta, maintaining its position as a leading luxury conglomerate.
Main Shareholder: The Pinault family holds the primary stake in the Kering Group, a luxury empire in the fashion industry.
Ownership Stake: The Pinault family’s ownership stake in the Kering Group is approximately 41.7%.
Stake Value: The value of the Pinault family’s stake in the Kering Group is estimated to be around €30 billion, which translates to approximately $32-33 billion.
Luxury Empire: The Kering Group is a significant player in the luxury fashion industry and owns several renowned brands.
Iconic Brands: Among the brands owned by the Kering Group are well-known and iconic names such as Gucci, Yves Saint Laurent, and Bottega Veneta.
In 2022, Kering generated €20.35 billion in revenue, of which €10.49 billion from Gucci (50.6%), €3.3 billion from Yves Saint Laurent (15.9%), €1.74 billion from Bottega Veneta (8.39%), and €3.87 billion from the other houses.
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