Patrizia Gucci today

Is Gucci owned by Kering?

Kering (French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the luxury brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent . Kering S.A. Pinault S.A.

In the latest step in the growing consolidation of the European fashion and luxury-goods industries, the Gucci Group N.V. said today that it would buy Sanofi Beaute from the French billionaire Francois Pinault for about $700 million in cash to gain control of Yves Saint Laurent.

13 Famous Luxury Brands Owned by Kering

In 1999, Gucci (owned by PPR) bought the YSL brand and asked Tom Ford to design the ready-to-wear collection, while Saint Laurent would design the haute couture collection.

What company is Gucci part of?

Kering (French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the luxury brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent.

Tonight, we're going to introduce you to Alessandro Michele , Gucci's creative director. In the seven years since he took the job - he's blown the doors off the legendary fashion house. Michele swapped out Gucci's signature sophistication for something he calls "beautiful strangeness" and tripled sales in the process.Dec 5, 2021

Kering is known for owning brands such as Gucci, Alexander McQueen, and Yves Saint Laurent — but those are only some of its notable names. Keep reading to see the top 11 iconic brands owned by Kering, in ascending order from the year Kering acquired them.Feb 22, 2020

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 owns Gucci brand now?

Gucci's holding company Guccio Gucci S.p.A. is based in Florence, Italy, and is a subsidiary of the French luxury group Kering . In 2018, Gucci operated 540 stores for 14,628 employees.