Kering news and archive

Kering sells majority stake in Milan building for over one billion euros

French luxury group Kering announced on Wednesday it has sold a majority stake in a building in Milan to the Qatari Al Mirqab Group for over 1 billion euros (1.15 billion dollars). Kering announced the acquisition of the building for approximately 1.3 billion euros in April 2024. In a press release on Wednesday, the group stated it is “...

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Kering and L’Oréal: inside the four billion euro alliance shaping the future of luxury

It is now official: Kering and L’Oréal finalised their beauty partnership on March 31, 2026. The 4 billion euro (4.64 billion dollars) deal redefines the global luxury cosmetics market. It also marks a structural turning point for the two French leaders. Initially announced in October 2025, the alliance has received the green light from...

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Why Kering is gradually taking control of luxury jewellery specialist Raselli Franco

Kering has marked a new decisive step in its structural repositioning. The French luxury leader has formalised the acquisition of a 20 percent stake in the Raselli Franco group, a leading independent jewellery manufacturer in Europe, for a valuation of 115 million euros. This transaction, first announced in December 2025, paves the way for a...

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Kering CRAFT: discovering China's new creative guard

Luxury group Kering announced on Monday the selection of the ten fellows for the inaugural edition of its Kering CRAFT (Creative Residency for Artisanship, Fashion and Technology) programme. Developed in partnership with Shanghai Fashion Week, this residency scheme aims to support the emergence of a new generation of Chinese designers by...

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AI moves into fashion’s C-suite

As fashion navigates economic uncertainty and technological disruption, the C-suite is being redrawn. Artificial intelligence is no longer confined to design studios or marketing dashboards, it is now reshaping executive leadership itself. At Kering, CEO Luca de Meo last week appointed the group’s first chief digital, AI & IT officer, Pierre...

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Pierre Houlès to lead digital transformation at Kering

Kering has appointed Pierre Houlès as chief digital, AI and IT officer. The French luxury goods group announced the appointment for the newly created position on Tuesday. Houlès joins the executive committee with immediate effect, reporting to Jean-Marc Duplaix, group chief operating officer. As chief digital officer, Houlès will advance the...

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Kering launches dedicated jewellery division to accelerate growth

Luxury conglomerate Kering has created a dedicated jewellery division, Kering Jewellery, bringing together the Houses Boucheron, Pomellato, Dodo, and Qeelin, as well as the group’s industrial capabilities, including the Raselli Franco Group, as it looks to create a new structure designed to accelerate the growth of its jewellery business. The...

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Alexander McQueen initiates redundancy proceedings for 54 employees in Italy

Alexander McQueen has begun redundancy proceedings for 54 employees in Italy. “Regarding the collective redundancy procedure initiated yesterday, March 12, 2026, by Alexander McQueen, which affects 54 employees out of a total of 181, we express strong concern and clear opposition. This decision risks having an extremely significant social and...

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Fashion |In Pictures

Pierpaolo and the 'humanity' of Balenciaga

Madrid – A focal point of the recent Paris Fashion Week, Spanish heritage house Balenciaga closed Saturday’s schedule with its AW26 menswear and womenswear showcase. The collections leaned heavily into the Renaissance and Baroque influences that once guided the brand's founder, Cristóbal Balenciaga. Presented on 7 March, the show marked...

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Kering creates 'industry' and 'client' divisions to boost brand growth

French luxury giant Kering, currently undergoing a major transformation, announced on Monday the creation of two new divisions. These are designed to enhance its operational efficiency and support the growth of its brands, including Gucci, Yves Saint Laurent, and Balenciaga. “The relevant teams within the houses will report functionally to these...

FashionPress Release

Gucci Unveils See Now, Buy Now For The Gucci Primavera Collection By Demna, Across Selected Stores And A New Digital Experience

Following Demna’s first fashion show on February 27, a curated selection from the Gucci Primavera collection is now available in selected stores and online, ahead of the official launch starting from July 2026. Credits: Gucci Primavera establishes a new vocabulary of silhouettes, textures, and materials, expressing the product design ethos at...

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Fashion |Opinion

Milan Fashion Week was an era of infinite opinions. Who is fashion really for?

As Milan Fashion Week drew to a close, one thing felt undeniable: everyone is now a fashion critic. Not just the front row. Not just the legacy editors. But analysts, Substack writers, TikTok commentators, luxury consultants, meme accounts and armchair aesthetes alike. The more interesting question is not whether opinions are polarised, they...