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Pinault

April 1, 2014

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

July 23, 2013

Admirers of luxury brands such as Gucci and Balenciaga will soon be able to judge the art collection of the family business patriarch behind the French fashion houses.

Admirers of luxury brands such as Gucci and Balenciaga will soon be able to judge the art collection of the family business patriarch behind the French fashion houses.

Francois Pinault, founder of luxury retail holding group Kering, has announced an upcoming exhibition in Paris, where he will display 50 works from his collection, by 22 artists.

Pinault is one of the most prolific art collectors in the world.

March 22, 2013

French fashion group PPR has changed its name to Kering, the latest move in its “profound transformation” into a group focused exclusively on the luxury, sport and lifestyle sectors.

French fashion group PPR has changed its name to Kering, the latest move in its “profound transformation” into a group focused exclusively on the luxury, sport and lifestyle sectors.

Second-gen chief executive Francois-Henri Pinault said in a statement: "The change of identity is logical and necessary culmination of the transformation. Beyond a simple change of activity, the new name reflects the new nature of the group."

January 3, 2012

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour. 

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour.

But the country’s president, Nicolas Sarkozy, recently announced plans to amend this – naming Pinault on the New Year's Honours list.

July 5, 2011

Family-controlled luxury retail giant PPR has gained majority control in watchmaker Sowind Group, controlled by the Macaluso family, in a further move by PPR to increase its presence in the luxury sector.

Family-controlled luxury retail giant PPR has gained majority control in watchmaker Sowind Group, controlled by the Macaluso family, in a further move by PPR to increase its presence in the luxury sector.

PPR, headed by Francois-Henri Pinault, said on 4 July that it has upped its stake in the Swiss watchmaker to 50.1% from its earlier 23% stake. The move comes as PPR continues to refocus its operations on the luxury and lifestyle divisions.

May 3, 2011

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division. 

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division.

In a statement, the group said that it will buy 100% of California-based Volcom’s shares as it tries to expand PPR’s sports and lifestyle operations. It expects the deal to be completed by the third quarter of the year.

The purchase is a further example of PPR’s strategy to specialise in clothes and accessories focused on the luxury markets.

February 18, 2011

Family-controlled luxury goods company, PPR, announced on 17 February that group head Francois-Henri Pinault will take direct control of the luxury business group, amid an announcement of a rise in the company’s profits.

Family-controlled luxury goods company, PPR, announced on 17 February that group head Francois-Henri Pinault will take direct control of the luxury business group, amid an announcement of a rise in the company’s profits.

The Paris-based company said in a statement that the luxury business group, which includes Gucci, Bottega Veneta and YSL, will report directly to Pinault, second-generation head of PPR, and the individual brands will continue to retain autonomy under its respective directors.

October 7, 2009

The PPR Group, owned by the France-based Pinault family, announced today the latest in a series of moves intended to refocus the group on the luxury consumer goods industry.

The PPR Group, owned by the France-based Pinault family, announced today the latest in a series of moves intended to refocus the group on the luxury consumer goods industry.

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