# Kering

Summary updated: 2026-03-19T20:58:28.871006Z
Canonical: https://finbar.com/research/companies/kering

## Overview

Kering is a global luxury goods group that manages a portfolio of houses in fashion, leather goods and jewelry, and it says it places creativity at the heart of its strategy in order to craft tomorrow’s luxury in a sustainable and responsible way.[1](https://app.finbar.com/go?id=P-b5ffc0ba149b4fbc9c2d412a5e0ddcaa) Founded in 1963 by François Pinault, the company evolved from a timber and building materials business into retail and then luxury; the 1999 acquisition of a controlling stake in Gucci Group was a major step in building its portfolio, and Kering has described itself as a pure player in luxury since 2018.[2](https://app.finbar.com/go?id=P-1f18c4ba01e04e4ba2dbd0719ee75a4b) Its portfolio includes houses such as Saint Laurent, Bottega Veneta, Balenciaga, Boucheron and Pomellato, and it also has dedicated activities in eyewear and beauty through Kering Eyewear and Kering Beauté.[3](https://app.finbar.com/go?id=P-c15ed471070c46439c34e6a61d647a75)[4](https://app.finbar.com/go?id=P-5fe39e47996344d79546d3dbee81a55c)[5](https://app.finbar.com/go?id=P-f6a2e11dcffe4c429ae02fd59455f184)[6](https://app.finbar.com/go?id=P-00838fe40ecd47f8a51866e4b3d5d280)[7](https://app.finbar.com/go?id=P-41e36f1fab4347a584729d644289ae71)[8](https://app.finbar.com/go?id=P-a9f385666cbb42d89930eab82f586e63)[9](https://app.finbar.com/go?id=P-ad9f4a23d8114105992bab50e4bed309)

Kering operates globally through a directly operated retail network spanning Western Europe, North America, Japan, Asia-Pacific and other markets; as of December 31, 2024, it had 1,813 directly operated stores.[10](https://app.finbar.com/go?id=P-81169b3d5b8a41baa985b41d70296bbd)[11](https://app.finbar.com/go?id=P-729ee2d387cc4b018f2290725ae5b87f) Its international footprint is also reflected in the fact that 77% of consolidated revenue was generated outside the eurozone in 2024.[12](https://app.finbar.com/go?id=P-6fd13a72a1a442cc9a22b70b173b62b6) For scale, Kering reported revenue of €19.6 billion and 49,000 employees in 2023.[13](https://app.finbar.com/go?id=P-071fa3daa22f456ea338ff09cec2d0ad)[14](https://app.finbar.com/go?id=P-de3cc5d83dc7438586fb86b9a32b8cc2)
[1](https://app.finbar.com/go?id=P-b5ffc0ba149b4fbc9c2d412a5e0ddcaa)[2](https://app.finbar.com/go?id=P-1f18c4ba01e04e4ba2dbd0719ee75a4b)[3](https://app.finbar.com/go?id=P-c15ed471070c46439c34e6a61d647a75)[4](https://app.finbar.com/go?id=P-5fe39e47996344d79546d3dbee81a55c)[5](https://app.finbar.com/go?id=P-f6a2e11dcffe4c429ae02fd59455f184)[6](https://app.finbar.com/go?id=P-00838fe40ecd47f8a51866e4b3d5d280)[7](https://app.finbar.com/go?id=P-41e36f1fab4347a584729d644289ae71)[8](https://app.finbar.com/go?id=P-a9f385666cbb42d89930eab82f586e63)[9](https://app.finbar.com/go?id=P-ad9f4a23d8114105992bab50e4bed309)[10](https://app.finbar.com/go?id=P-81169b3d5b8a41baa985b41d70296bbd)[11](https://app.finbar.com/go?id=P-729ee2d387cc4b018f2290725ae5b87f)[12](https://app.finbar.com/go?id=P-6fd13a72a1a442cc9a22b70b173b62b6)[13](https://app.finbar.com/go?id=P-071fa3daa22f456ea338ff09cec2d0ad)[14](https://app.finbar.com/go?id=P-de3cc5d83dc7438586fb86b9a32b8cc2)

## Products & services

Kering’s products are concentrated in luxury leather goods, ready-to-wear, shoes, jewelry, beauty and eyewear. In Kering’s reporting, leather goods include handbags, luggage and small leather goods such as wallets and purses, and the largest houses are heavily weighted to that category: Gucci’s revenue mix is 50% leather goods, 20% shoes, 17% ready-to-wear, 4% watches and jewelry and 9% other; Saint Laurent’s is 70% leather goods, 7% shoes, 11% ready-to-wear and 12% other; and Bottega Veneta’s is 79% leather goods, 9% shoes, 3% ready-to-wear and 9% other.[15](https://app.finbar.com/go?id=P-1bd4c0ce8c2544faa1d393979b3d9b29)[16](https://app.finbar.com/go?id=P-7a474fda9c304b5baf575c6f0005c8ee)[17](https://app.finbar.com/go?id=P-2bf823e862594e129f8541c05f0d3d93)[18](https://app.finbar.com/go?id=P-ba0ca01fdabf46ff929fe84eefab2179)

Among specific product lines, Balenciaga has extended beyond ready-to-wear into handbags, shoes and accessories, while Alexander McQueen introduced the McQueen T-Bar Sling bag and used the T-Bar motif across ready-to-wear and accessories.[19](https://app.finbar.com/go?id=P-98aba46f465d49b8a5b0b52b6305de12)[20](https://app.finbar.com/go?id=P-dc9911cc961c432e8f45b90e13d16cae) Brioni offers a Bespoke service alongside ready-to-wear, leather goods, shoes, accessories and fragrances for formalwear and leisurewear, with pieces handmade in Italy by expert artisans.[21](https://app.finbar.com/go?id=P-d8de72d0a240443e9a527481ef99ee27)[22](https://app.finbar.com/go?id=P-990cdb180b564f64a630bd47754a587a)

In jewelry, Kering’s houses include Boucheron, which sells jewelry, high jewelry and timepieces and in 2024 launched The Power of Couture, a 24-piece high-jewelry collection using rock crystal and diamonds; Pomellato’s signature collections include Nudo, Iconica and Pomellato Together; DoDo’s collections include Nodo, Bollicine, Granelli and Stellina; and Qeelin focuses on fine jewelry that blends Oriental symbolism with modern design.[23](https://app.finbar.com/go?id=P-6f89dcdc9916496dbfc0ae027cbaed62)[24](https://app.finbar.com/go?id=P-80a76eae4e8649b1abb14a10ab1fa691)[25](https://app.finbar.com/go?id=P-49cc1bb0375847b896c2e463f2102348)[26](https://app.finbar.com/go?id=P-d25459050af742c99e30a5a93f019307)[27](https://app.finbar.com/go?id=P-7eff345d014f44ea8b688e3becff1022)

Kering also sells beauty and eyewear products. In perfumes and cosmetics it operates both through licenses with L’Oréal, Coty and Interparfums for Saint Laurent, Gucci and Boucheron and through Kering Beauté, which was created to develop beauty for Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin and also owns Creed.[28](https://app.finbar.com/go?id=P-96285ae497844d1e8be0f5403e4c1947)[29](https://app.finbar.com/go?id=P-4fffc9b13eaf4f2792e47248eff593d6) For Bottega Veneta, Kering Beauté introduced fragrance and candle collections including five eaux de parfum made with 100% natural-origin ingredients in refillable bottles on marble bases, distributed through the house’s stores and online.[30](https://app.finbar.com/go?id=P-51c9d565ff214245a44dc2214c833cfc)[31](https://app.finbar.com/go?id=P-b7a3ce70c71440afbeee0c5b0b827b82) Kering Eyewear sells spectacles, contact lenses, sunglasses and related products under brands including Gucci, Cartier, Alaïa, Alexander McQueen, Balenciaga, Bottega Veneta, Brioni, Chloé, Dunhill, Montblanc, Saint Laurent and Puma, with Lindberg and Maui Jim added through acquisitions; in 2024, the Kering Eyewear and Corporate segment generated €1,941 million of revenue, including €1,583 million from Kering Eyewear and €323 million from Kering Beauté.[8](https://app.finbar.com/go?id=P-a9f385666cbb42d89930eab82f586e63)[32](https://app.finbar.com/go?id=P-99343ca042cf44008b1e26f1ec6d52ca)
[15](https://app.finbar.com/go?id=P-1bd4c0ce8c2544faa1d393979b3d9b29)[16](https://app.finbar.com/go?id=P-7a474fda9c304b5baf575c6f0005c8ee)[17](https://app.finbar.com/go?id=P-2bf823e862594e129f8541c05f0d3d93)[18](https://app.finbar.com/go?id=P-ba0ca01fdabf46ff929fe84eefab2179)[19](https://app.finbar.com/go?id=P-98aba46f465d49b8a5b0b52b6305de12)[20](https://app.finbar.com/go?id=P-dc9911cc961c432e8f45b90e13d16cae)[21](https://app.finbar.com/go?id=P-d8de72d0a240443e9a527481ef99ee27)[22](https://app.finbar.com/go?id=P-990cdb180b564f64a630bd47754a587a)[23](https://app.finbar.com/go?id=P-6f89dcdc9916496dbfc0ae027cbaed62)[24](https://app.finbar.com/go?id=P-80a76eae4e8649b1abb14a10ab1fa691)[25](https://app.finbar.com/go?id=P-49cc1bb0375847b896c2e463f2102348)[26](https://app.finbar.com/go?id=P-d25459050af742c99e30a5a93f019307)[27](https://app.finbar.com/go?id=P-7eff345d014f44ea8b688e3becff1022)[28](https://app.finbar.com/go?id=P-96285ae497844d1e8be0f5403e4c1947)[29](https://app.finbar.com/go?id=P-4fffc9b13eaf4f2792e47248eff593d6)[30](https://app.finbar.com/go?id=P-51c9d565ff214245a44dc2214c833cfc)[31](https://app.finbar.com/go?id=P-b7a3ce70c71440afbeee0c5b0b827b82)[8](https://app.finbar.com/go?id=P-a9f385666cbb42d89930eab82f586e63)[32](https://app.finbar.com/go?id=P-99343ca042cf44008b1e26f1ec6d52ca)

## Geographic presence

Kering’s sales are geographically concentrated in Asia-Pacific, Western Europe and North America. In 2024, Asia-Pacific excluding Japan represented 30% of revenue, Western Europe 29%, North America 24%, Japan 8% and the rest of the world 9%; the 2023 mix was similar at 35%, 28%, 23%, 7% and 7%, respectively, indicating a broadly diversified but Asia- and Europe-weighted revenue base.[33](https://app.finbar.com/go?id=T-8f5842ac222241929e6d5879b5c28dd2)[34](https://app.finbar.com/go?id=T-25961b808c3543599ef134f0131a9515)

The operating footprint is also spread across the same core regions. Kering had 1,813 directly operated stores at year-end 2024, including 708 in Asia-Pacific excluding Japan, 379 in Western Europe, 329 in North America, 241 in Japan and 156 in the rest of the world.[35](https://app.finbar.com/go?id=P-311ee5f83a7f44adbfdefa1948db5911)[10](https://app.finbar.com/go?id=P-81169b3d5b8a41baa985b41d70296bbd) Its workforce totaled 46,936 employees, with 17,852 in Western Europe excluding France, 14,476 in Asia, 5,809 in North America and 4,731 in France; smaller employee bases were located in Eastern Europe, Africa/Middle East, South America and Oceania.[36](https://app.finbar.com/go?id=P-2a32d11cb9f144248b53f832585da005)[37](https://app.finbar.com/go?id=T-7fd622300dad40f690a36e032b5ac090)
[33](https://app.finbar.com/go?id=T-8f5842ac222241929e6d5879b5c28dd2)[34](https://app.finbar.com/go?id=T-25961b808c3543599ef134f0131a9515)[35](https://app.finbar.com/go?id=P-311ee5f83a7f44adbfdefa1948db5911)[10](https://app.finbar.com/go?id=P-81169b3d5b8a41baa985b41d70296bbd)[36](https://app.finbar.com/go?id=P-2a32d11cb9f144248b53f832585da005)[37](https://app.finbar.com/go?id=T-7fd622300dad40f690a36e032b5ac090)

## Business segments

Kering’s reportable operating segments are Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate; it also shows Eliminations as a reconciliation line rather than an operating business segment.[38](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc) Gucci, Saint Laurent, and Bottega Veneta are each presented as standalone houses within Kering’s couture and leather goods activities, with Saint Laurent described as having expanded from haute couture into ready-to-wear, shoes, handbags, small leather goods, jewelry, scarves, ties, and eyewear, and Bottega Veneta positioned around luxury leather goods while also extending into ready-to-wear, homeware, jewelry, and fragrances.[39](https://app.finbar.com/go?id=P-be75606f8c1a45059bacb2c7e99e693d)[40](https://app.finbar.com/go?id=P-339dbe6931634b47929d4426c29cd6cc)[41](https://www.kering.com/en/houses/couture-and-leather-goods/gucci/)[42](https://www.kering.com/en/houses/couture-and-leather-goods/saint-laurent/)[43](https://www.kering.com/en/houses/couture-and-leather-goods/bottega-veneta/) Other Houses is a combined segment for Kering’s smaller brands across fashion, tailoring, jewelry, and lifestyle/homeware, including Balenciaga, McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, and Ginori 1735.[44](https://www.kering.com/en/houses/) Kering Eyewear and Corporate covers the eyewear platform and central corporate activities; Kering also separately highlights Kering Beauté in its house portfolio, but not as a standalone reportable segment.[45](https://app.finbar.com/go?id=P-0802cc81274f48f3a8a5645b751fb422)[38](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc)[46](https://www.kering.com/en/houses/others/kering-eyewear/)[47](https://www.kering.com/en/houses/others/kering-beaute/)

Based on 2024 revenue, Gucci was the largest segment at about 44.5% of group revenue (€7.65bn of €17.19bn), followed by Other Houses at about 18.7%, Yves Saint Laurent at about 16.8%, Kering Eyewear and Corporate at about 11.3%, and Bottega Veneta at about 10.0%; Eliminations were about -1.2%.[38](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc) In 2023, the same segment structure applied, with Gucci contributing about 50.5% of revenue, Yves Saint Laurent 16.2%, Other Houses 18.0%, Bottega Veneta 8.4%, and Kering Eyewear and Corporate 8.0%, showing that Kering’s official segmentation is stable even though the relative weight of each segment shifts over time.[38](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc)
[38](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc)[39](https://app.finbar.com/go?id=P-be75606f8c1a45059bacb2c7e99e693d)[40](https://app.finbar.com/go?id=P-339dbe6931634b47929d4426c29cd6cc)[45](https://app.finbar.com/go?id=P-0802cc81274f48f3a8a5645b751fb422)[41](https://www.kering.com/en/houses/couture-and-leather-goods/gucci/)[42](https://www.kering.com/en/houses/couture-and-leather-goods/saint-laurent/)[43](https://www.kering.com/en/houses/couture-and-leather-goods/bottega-veneta/)[44](https://www.kering.com/en/houses/)[46](https://www.kering.com/en/houses/others/kering-eyewear/)[47](https://www.kering.com/en/houses/others/kering-beaute/)

## Company history

Kering traces its origins to 1963, when François Pinault founded the Pinault group as a timber-trading business. The company was listed on the Paris Stock Exchange in 1988, then moved decisively into retail with the 1992 takeover of Au Printemps SA, whose assets included La Redoute; in 1994, the merger of Pinault-Printemps and La Redoute created Pinault-Printemps-Redoute. [48](https://app.finbar.com/go?id=P-069c9467296846c58c9a4a7504aaa1aa)[49](https://app.finbar.com/go?id=P-b4ba7641023f4486bf7fa8c9b70fb6c5)[50](https://app.finbar.com/go?id=P-744a841cf08547bd88dc9d2291f3aa1f)[51](https://app.finbar.com/go?id=P-3ff7d4a99dfa4964b5505d6f45bb73cb)

A major strategic shift came in 1999, when the group acquired a 42% stake in Gucci Group, marking its entry into luxury. In 2001, Gucci Group acquired Bottega Veneta and Balenciaga and signed partnership agreements with Alexander McQueen and Stella McCartney, expanding the group’s luxury portfolio. [52](https://app.finbar.com/go?id=P-8711326d87d1428dbbc68b48c646c93d)[53](https://app.finbar.com/go?id=P-766be38fbccb44f38886559da3ea7c00)

In 2005, Pinault-Printemps-Redoute shortened its name to PPR, and François-Henri Pinault became Chairman and Chief Executive Officer. The group broadened further with the acquisition of a controlling stake in Puma in 2007, before completing another major identity change in 2013, when PPR became Kering. [54](https://app.finbar.com/go?id=P-4a475a203e5c4f1e8eea01bd69597153)[55](https://app.finbar.com/go?id=P-93c45967d0fd45b5a72d5f765c853f59)[56](https://app.finbar.com/go?id=P-824cda9b20984871a3d27ea6bd57b86b)
[48](https://app.finbar.com/go?id=P-069c9467296846c58c9a4a7504aaa1aa)[49](https://app.finbar.com/go?id=P-b4ba7641023f4486bf7fa8c9b70fb6c5)[50](https://app.finbar.com/go?id=P-744a841cf08547bd88dc9d2291f3aa1f)[51](https://app.finbar.com/go?id=P-3ff7d4a99dfa4964b5505d6f45bb73cb)[52](https://app.finbar.com/go?id=P-8711326d87d1428dbbc68b48c646c93d)[53](https://app.finbar.com/go?id=P-766be38fbccb44f38886559da3ea7c00)[54](https://app.finbar.com/go?id=P-4a475a203e5c4f1e8eea01bd69597153)[55](https://app.finbar.com/go?id=P-93c45967d0fd45b5a72d5f765c853f59)[56](https://app.finbar.com/go?id=P-824cda9b20984871a3d27ea6bd57b86b)

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36. [Kering — Full financial report (2024 Y), p235](https://app.finbar.com/go?id=P-2a32d11cb9f144248b53f832585da005)
37. [Kering — Full financial report (2024 Y), p235](https://app.finbar.com/go?id=T-7fd622300dad40f690a36e032b5ac090)
38. [Kering — Full financial report (2024 Y), p62](https://app.finbar.com/go?id=T-5fc22c236acb4932b84f18da25dec9dc)
39. [Kering — Full financial report (2024 Y), p41](https://app.finbar.com/go?id=P-be75606f8c1a45059bacb2c7e99e693d)
40. [Kering — Full financial report (2024 Y), p41](https://app.finbar.com/go?id=P-339dbe6931634b47929d4426c29cd6cc)
41. [www.kering.com](https://www.kering.com/en/houses/couture-and-leather-goods/gucci/)
42. [www.kering.com](https://www.kering.com/en/houses/couture-and-leather-goods/saint-laurent/)
43. [www.kering.com](https://www.kering.com/en/houses/couture-and-leather-goods/bottega-veneta/)
44. [www.kering.com](https://www.kering.com/en/houses/)
45. [Kering — Full financial report (2024 Y), p65](https://app.finbar.com/go?id=P-0802cc81274f48f3a8a5645b751fb422)
46. [www.kering.com](https://www.kering.com/en/houses/others/kering-eyewear/)
47. [www.kering.com](https://www.kering.com/en/houses/others/kering-beaute/)
48. [Kering — Full financial report (2024 Y), p10](https://app.finbar.com/go?id=P-069c9467296846c58c9a4a7504aaa1aa)
49. [Kering — Full financial report (2024 Y), p10](https://app.finbar.com/go?id=P-b4ba7641023f4486bf7fa8c9b70fb6c5)
50. [Kering — Full financial report (2022 Y), p10](https://app.finbar.com/go?id=P-744a841cf08547bd88dc9d2291f3aa1f)
51. [Kering — Full financial report (2024 Y), p10](https://app.finbar.com/go?id=P-3ff7d4a99dfa4964b5505d6f45bb73cb)
52. [Kering — Full financial report (2024 Y), p10](https://app.finbar.com/go?id=P-8711326d87d1428dbbc68b48c646c93d)
53. [Kering — Full financial report (2023 Y), p10](https://app.finbar.com/go?id=P-766be38fbccb44f38886559da3ea7c00)
54. [Kering — Full financial report (2024 Y), p10](https://app.finbar.com/go?id=P-4a475a203e5c4f1e8eea01bd69597153)
55. [PUMA — Full financial report (2007 Y), p50](https://app.finbar.com/go?id=P-93c45967d0fd45b5a72d5f765c853f59)
56. [Kering — Full financial report (2024 Y), p11](https://app.finbar.com/go?id=P-824cda9b20984871a3d27ea6bd57b86b)

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