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Gucci-owner Kering paid 3.5 billion euros (.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar with the. In 2004, the ownership landscape of Gucci underwent another significant transformation with its full acquisition by Kering. Led by Francois-Henri Pinault, Kering . Gucci-owner Kering paid 3.5 billion euros (.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar with the. In 2004, the ownership landscape of Gucci underwent another significant transformation with its full acquisition by Kering. Led by Francois-Henri Pinault, Kering recognized the untapped potential of Gucci and positioned it as a cornerstone of its luxury brand portfolio.
Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House’s strategy weighed on profitability.
The acquisition of Gucci marks the most transformative and important event in Kering's history. As the fifth-largest luxury company in the world, the company continues to influence the global luxury industry. Gucci stands out as .Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
Kering SA, the owner of Gucci, agreed to buy perfume maker Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances. PARIS/MILAN (Reuters) - Investors will be looking to see if Gucci's new creative director Sabato de Sarno can move the needle on the company's financial performance when its owner Kering reports. Kering SA laid out ambitious targets for its biggest brand Gucci as the luxury conglomerate seeks to reboot the fashion house whose popularity among consumers has suffered since the pandemic. After a February announcement that it would create a new beauty division, Kering bought high-end perfumer Creed in June for more than €3.5bn.
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Kering CFO Jean-Marc Duplaix also confirmed the acquisition of the building at the corner of rue de Castiglione and rue Saint Honoré that houses the Castiglione restaurant. According to press reports, it will be turned into a Gucci flagship adjacent to the new Gucci store dedicated to luggage. Gucci-owner Kering paid 3.5 billion euros (.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar with the. In 2004, the ownership landscape of Gucci underwent another significant transformation with its full acquisition by Kering. Led by Francois-Henri Pinault, Kering recognized the untapped potential of Gucci and positioned it as a cornerstone of its luxury brand portfolio.
Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House’s strategy weighed on profitability. The acquisition of Gucci marks the most transformative and important event in Kering's history. As the fifth-largest luxury company in the world, the company continues to influence the global luxury industry. Gucci stands out as .Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. Kering SA, the owner of Gucci, agreed to buy perfume maker Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances.
PARIS/MILAN (Reuters) - Investors will be looking to see if Gucci's new creative director Sabato de Sarno can move the needle on the company's financial performance when its owner Kering reports.
Kering SA laid out ambitious targets for its biggest brand Gucci as the luxury conglomerate seeks to reboot the fashion house whose popularity among consumers has suffered since the pandemic.
After a February announcement that it would create a new beauty division, Kering bought high-end perfumer Creed in June for more than €3.5bn.
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