Francois Henri Pinault news and archive

Kering appoints Chanel and Mandarin Oriental executives to board for enhanced luxury strategy

As the global market becomes increasingly complex, François-Henri Pinault's group is restructuring its governance. Kering has appointed Marie-Hélène Chenut, formerly of Chanel, and Laurent Kleitman of Mandarin Oriental to its board, opting for industry expertise and operational excellence in ultra-luxury. The statement released on April 21,...

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François-Henri Pinault: Heir, strategist and his shadows

“Being an heir isn’t about managing an inheritance; it’s about knowing how to transform it.” This statement, attributed to François-Henri Pinault, summarises his career path. It is the path of a son who not only continued his father’s work but also transformed it to the point of changing its fundamental nature. Where François Pinault built a...

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Business

Puma stock falls as major shareholder weighs options

Puma shares fell by 4 percent on Tuesday afternoon. This followed a statement by majority shareholder François-Henri Pinault that he was keeping all options open for his investment company Artemis regarding its stake in the sportswear manufacturer. Artemis holds 29 percent of Puma. Pinault made this statement at the annual general meeting of...

People

Is François-Henri Pinault stepping back from Kering?

Paris - 63-year-old François-Henri Pinault, chief executive officer of French luxury group Kering (Kering), is reportedly planning to separate the roles of chairman and chief executive officer. This information was published on Thursday by the business magazine Challenges. According to the magazine, which did not cite its sources, Pinault will...

Fashion

Exotic skins: Peta calls François-Henri Pinault ‘Pinocchio’ for broken promise

A look back at Kering’s annual general meeting on April 24, 2024, during which animal rights organisation PETA accused François-Henri Pinault, chief executive officer of the luxury group Kering, of lying, giving him the nickname ‘Pinocchio’. The issue was in regards to his commitments to the animal protection association PETA. The reason for the...

Culture

Kering’s François-Henri Pinault believed to be eyeing CAA acquisition

François-Henri Pinault, the chief executive officer of luxury fashion house Kering, is believed to be in “advanced” discussions to acquire a majority stake in Hollywood talent agency Creative Artists Agency (CAA). For the firm, which represents the likes of Brad Pitt and Scarlett Johansson, such a deal could reel in “at least seven billion...

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People

Luxury titan Pinault gives up part of salary over virus

Francois-Henri Pinault, the head of French luxury group Kering, has agreed to give up a quarter of his fixed wages for the rest of the year and the entirety of his variable compensation for 2020, the company said Friday. The luxury group which includes labels such as Gucci, Saint Laurent, Balenciaga and Bottega Veneta in its stable, put the move...