Group history

Since its creation in 1963, Kering has been constantly evolving, guided by the spirit of entrepreneurship and a constant search for growth and value creation. 

Founded by François Pinault as a wood and building materials business, the Group repositioned itself in the distribution sector in the 1990s, quickly becoming one of the leading European players in this field.

The acquisition of a controlling stake in the Gucci Group, in 1999, marked a new stage in the Group's development with the creation of a coherent and complementary set of major luxury brands. Kering continues to grow, building on the potential of its brands and a strong ambition to be the world's most influential luxury group in terms of creativity, sustainability and economic performance.

1963

• François Pinault created Pinault Etablissements in Rennes (France), specialized in timber trading 

1988

• Pinault SA enters the Paris Stock Exchange

1990

• Acquisition of CFAO, specialized in trading with Africa and in electrical equipment distribution

1991

• With the takeover of Conforama, the Group enters the retail business

1992

• Takeover of the department store group Au Printemps, also the majority shareholder of the mail order clothing retail chain, La Redoute

1994

• La Redoute is merged into Pinault-Printemps, and the Group is renamed Pinault-Printemps-Redoute

• Takeover of Fnac

1999

• The Group enters the Luxury Goods sector with the acquisition of 42% of Gucci Group

• First steps towards the creation of a multi-brand Luxury Goods group, with the acquisition by Gucci Group of Yves Saint Laurent and YSL Beauté

2000

• Acquisition by Gucci Group of the high-end jewelry House, Boucheron

2001

• Gucci Group acquires Italian leather goods House, Bottega Veneta and French luxury fashion House, Balenciaga; and signs partnership agreements with Stella McCartney and Alexander McQueen

2003

• Sale of Pinault Bois & Matériaux to the British group, Wolseley

2004

• The Group raises its stake in Gucci Group to 99.4% further to a tender offer

2005

• Change of corporate name: Pinault-Printemps-Redoute becomes PPR

2006

• Sale of a majority of France Printemps to RREEF and the Borletti group

2007

• Acquisition of a controlling stake in PUMA

2008

• Sale of YSL Beauté to L’Oréal

• Acquisition of a minority stake in luxury watch Manufacture, Girard-Perregaux

2009

• Flotation of majority stake in CFAO

• Creation of the Kering Foundation for which the purpose is to combat violence against women

2011

• Sale of Conforama

• Acquisition of a majority stake in Girard-Perregaux

2012

• Acquisition of luxury Italian menswear House, Brioni

• Sale of the remaining stake in CFAO

• Creation of a joint venture with Yoox dedicated to e-commerce for several Luxury brands of the Group

2013

• Acquisition of a majority stake in Chinese fine jewelry brand, Qeelin

• Acquisition of a majority stake in the luxury designer brand, Christopher Kane

• Acquisition of Tannerie de Périers in Normandy, a tannery specialized in precious skins

• Listing of Fnac

• Change of corporate name: PPR becomes Kering

• Acquisition of a majority stake in Italian jewelry brands Pomellato and Dodo

2014

• Sale of La Redoute

• Acquisition of the watch Manufacture Ulysse Nardin

• New organization of Luxury Activities and the creation of two divisions: Luxury and Sports & Lifestyle

2015

• Launch of Kering Eyewear, specialized in the high-end eyewear sector

• 1st edition of Women in Motion in partnership with the International Cannes Film Festival

• Publication of first results of the Group-wide EP&L, a pioneering tool in terms of environmental reporting

2016

• Kering moves into the former Laennec Hospital, historical architectural jewel in the heart of Paris’ left bank

2017

• Kering Eyewear and Cartier sign a strategic agreement to develop, make and market Cartier eyewear

2018

• Following the distribution of 70% of PUMA shares, the Group completes its transformation into a Luxury pure player