Kering news and archive

Generation award: Kering sets its sights on the MENA region

Kering is strengthening its influence in the Middle East and North Africa regions. By launching the Kering Generation Award in the MENA region, the luxury group is establishing itself in the local economic landscape. Its objective is to provide startups in these territories with the means to “shape the future of fashion”. This announcement...

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McQueen restructuring plan: one-third of Italian workforce at risk

British luxury brand McQueen could lay off one-third of its Italian employees, according to a statement released by three local unions on Wednesday. The company's management has announced a restructuring plan. According to the unions Filctem CGIL, Femca CISL and Uiltec, this plan involves cutting approximately one-third of the total workforce....

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Kering overhaul continues as Bottega Veneta CEO departs

Luxury conglomerate Kering announced Tuesday that Bartolomeo “Leo” Rongone will step down as CEO of Bottega Veneta on March 31 to pursue new professional projects. The group confirmed that the search for a successor is already underway, with an appointment expected shortly. Rongone, who joined Kering in 2012 and took the helm of Bottega Veneta...

Fashion

Passing of Valentino Garavani closes an era in 'Made in Italy' history

With the passing of Valentino Garavani at 93, we witness the end of an era where Italian style reigned supreme. Joining the ranks of departed legends like Gianni Versace and Gianfranco Ferrè, Valentino’s legacy represents the pinnacle of Italian excellence. His work, rooted in the elegance of Rome and the industrial chic of Milan, inspired...

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Leo Rongone appointed new CEO of Moncler, effective April 1, 2026

Bartolomeo “Leo” Rongone is the new CEO of Moncler, effective April 1, 2026. The executive, who is currently leading Bottega Veneta, will leave the Kering-owned brand at the end of March. Luca de Meo, chief executive officer of Kering, stated in a note: "I would like to thank Leo Rongone for his leadership and the significant contribution he has...

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Saks Global: Millions owed to Chanel, Kering, LVMH, and more

Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...

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Reports: Giambattista Valli at risk of closure

The Giambattista Valli, an Italian-French fashion brand is reportedly facing a complex period that could lead to its closure. According to reports from Italian daily newspaper Il Foglio, this is due to debts far exceeding the label's turnover. “We do not know if we will make it to spring,” a company executive told the newspaper founded by...

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Kering gets green light for phased acquisition of Raselli Franco Group

The French luxury giant is heading to Valenza, a town in the Piedmont region's province of Alessandria. The area is home to the most important production units for international high jewellery. Kering is acquiring Raselli Franco Group, one of Europe's largest independent producers of luxury jewellery. This marks the first acquisition since the...

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Saint Laurent Rive Droite, the brand's cultural concept, launches in China

Saint Laurent Rive Droite, the house's cultural concept store conceived by Anthony Vaccarello, is opening a location in Beijing, China. In the 1960s, Yves Saint-Laurent Rive Gauche democratised luxury with its ready-to-wear line, Saint Laurent Rive Gauche. In 2019, Anthony Vaccarello, the house's artistic director, launched Saint Laurent Rive...

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Kering monetises Fifth Avenue asset through Ardian partnership

Luxury group Kering and investment firm Ardian have announced the completion of a co-investment agreement, formalised through the creation of a joint venture centred on a real estate asset on Fifth Avenue in New York. The building, located at 715-717 Fifth Avenue, occupies a prime position offering approximately 10,700 square metres of luxury...

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Media report: Creative director Norbert Stumpfl leaves Brioni

Fashion house Brioni, owned by French luxury goods group Kering, and Austrian designer Norbert Stumpfl are parting ways after seven years. This is according to a report by trade publication Women’s Wear Daily (WWD). Stumpfl was appointed creative director of the brand in 2018, succeeding Nina-Maria Nitsche. He previously held leadership roles in...

Fashion

Gucci to present Cruise 2027 collection in New York

Gucci will present the Cruise 2027 collection in New York on May 16. The show will mark Demna’s debut for the house’s cruise line, following the designer’s debut collection in February. The US city holds a fundamental place in Gucci’s history. In 1953, the house opened its first overseas boutique in New York, initiating the brand’s international...