Video: Kering Sales Slowing

Kering is a Paris-based company that owns a number of luxury brands. It got its start as a timber trading company back in 1962.


  • Over the years it had branched-out into:
    • Distribution in Africa
    • Furniture retailing
    • Retailing books and electronics.
  • It started investing in luxury in 1999 with an investment in Gucci.
  • In 2007 it bought the sports group Puma, but subsequently divested it.
  • Over the years it disposed of its non-luxury businesses.

Main brands owned:

  • Gucci: Italian leather goods.
    • Founded in Florence Italy in 1921 by Guccio Gucci.
  • Yves Saint Laurent: French fashion
    • Founded in 1961.
  • Boucheron: French jewellery
    • Founded 1858.
    • The UK royal family owns a number of Boucheron jewels
      • Including a tiara owned by Camilla that used to be the Queen Mother’s.
  • Alexander McQueen: UK fashion
    • Founded 1992.
    • PM: The movie McQueen is worth watching (99% on Rotten Tomatoes).
  • Bottega Veneta: Italian fashion
    • Founded 1966.
  • Balenciaga: Spanish fashion house
    • Founded 1919
  • Brioni: Italian fashion
    • Founded 1945
    • Clients included:
      • Clark Gable
      • Cary Grant
      • John Wayne
  • Dodo: Italian luxury charms (PM: could have come up with a better name).
    • Launched 1995
  • Creed: Anglo-French perfume
    • Founded as a tailor in London in 1760.

4Q/2023 Results

  • Comparable sales: -4%
    • Gucci: -4%
    • Yves Saint Laurent: -1%
    • Bottega Veneta: -2%