When did Kering buy Gucci?
1999: Gucci – In May 1999, Pinault-Printemps-Redoute purchased a controlling 42 percent stake of the Gucci Group for $3 billion following a long and very public battle with luxury rival for the brand. Later in 2003, Kering raised its stake in the Gucci Group to 67.6 percent, and again in 2004 to 99.4 percent.
Who is Kering owned by?
REAL TIME NET WORTH. François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci. Pinault founded Kering, which started as a wood and building materials company, in 1963.
Who owned Gucci before Kering?
In 1999, Gucci was acquired by the French conglomerate Pinault Printemps Redoute, which later became Kering. During the 2010s, Gucci became an iconic ‘geek-chic’ brand.
What brands are under Gucci?
Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin and Girard-Perregaux continually push creative codes and surpass standards of excellence.
Who is in the LVMH group?
LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, TAG Heuer and Bulgari.