In Breton, “ker” means “home or place to live”. Phonetically, the name is pronounced as “Caring”, which also has significance with the company’s place of birth in Brittany, France. The group’s global expansion and growth continued unabated through the acquisitions of golf equipment manufacturer Cobra (2010), Brioni (2011), majority stake in Chinese jeweller Qeelin (2012), Christopher Kane (2013) and luxury watch manufacturer Ulysse Nardin (2014).įrancois-Henri Pinault, son of founder Francois Pinault, and the Chairman and CEO, renamed PPR to Kering in 2013. In 2001, through the Gucci Group, PPR bought Bottega Veneta and Balenciaga and signed partnerships with Stella McCartney and Alexander McQueen. After that it was no looking back, with the acquisitions of Yves Saint Laurent (now Saint Laurent Paris), YSL Beauty and Sergio Rossi. In 1994, the group now called Pinault-Printemps-Redoute (PPR) took control of French retailer Fnac.ġ999 is considered to be the first year when PPR first entered the luxury sector via the acquisition of a 42 percent stake in Gucci Group NV. The company gradually entered the retail distribution market, with the acquisition of Conforama in 1991. It was originally from Brittany, but grew via acquisitions and became a well-recognised national company in France. The company in its initial years was involved in wood trade negotiation and construction materials. Kering was founded in 1962 by Francois Pinault and was originally called Etablissements Pinault. Headed by CEO and Chairman Francois-Henri Pinault, Kering is considered to be a pioneer in the introduction of sustainability initiatives in the luxury industry. The group is part of the CAC 40, which is the benchmark French stock market index. After luxury giant LVMH, Kering is the world’s second biggest luxury goods company in terms of revenues. Headquartered in Paris, France, it employs more than 30,000 people globally.
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Kering is one of the world’s largest luxury goods holding companies.