History

Kering continues to grow and develop its businesses through strong and highly-reputed brands.

Back in 1963, the Group was a building materials business under the leadership François Pinault. 

Later in the mid-1990s, it entered the retail sector become a recognized leader.
The Group marked a new stage in its development with the purchase of Gucci in 1999, and thereafter built a multi-brand Luxury Goods division. 
In 2007, it seized a new growth opportunity with the purchase of a controlling stake in Puma, a world leader in sport & lifestyle, further establishing the Group as a leader in global brands.

1963
• François Pinault establishes the Pinault group, specialising in timber trading.

1988
• Flotation on the Paris Stock Market’s Second Marché of Pinault SA, a company specialising in timber trading, distribution and processing.

1990
• Acquisition of CFAO, specialising in electrical equipment distribution (through CDME, which became Rexel in 1993) and in trading with Africa.

1991
• the acquisition of Conforama, the Group enters the Retail activity.

1992
• The Pinault-Printemps Group is born with the takeover of Au Printemps SA, which held 54% of La Redoute and Finaref.

1994
• Merger of La Redoute with the Group, which is renamed Pinault-Printemps-Redoute.
• Takeover of Fnac.

1995
• Launch of the Group’s first website, laredoute.fr.

1996
• Acquisition by CFAO of SCOA, the leading pharmaceutical distributor in West Africa through its subsidiary Eurapharma.
• Creation of Orcanta, a women’s lingerie chain.
• Launch of fnac.com, the Fnac website.

1997
• Takeover by Redcats (PPR home shopping activity) of Ellos, the leader in the Scandinavian home shopping market.
• Creation of Fnac Junior, a store concept for children under 12.

1998
• Takeover of Guilbert, the European leader in office supplies and furnishings.
• Acquisition by Redcats of 49.9% of Brylane, the fourth largest home shopping company in the United States.
• Creation of Made in Sport, a chain of stores dedicated to sports enthusiasts.

1999
• Purchase of the remaining stake in Brylane.
• The Group enters the luxury goods sector with the acquisition of 42% of Gucci Group NV.
• First steps towards the creation of a multi-brand luxury goods group, with the acquisition by Gucci Group of Yves Saint Laurent, YSL Beauté and Sergio Rossi.

2000
• Acquisition of Surcouf, a specialised PC retailer.
• Acquisition by Gucci Group of Boucheron.
• Launch of Citadium, the new Printemps sports store.

2001
• Gucci Group acquires Bottega Veneta and Balenciaga and signs partnership agreements with Stella McCartney and Alexander McQueen.
• Conforama enters the Italian market with the purchase of the Emmetza group, one of the leaders in the home furnishings market in Italy.
• Pinault-Printemps-Redoute raises its stake in Gucci Group to 53.2%.

2002
• The Group raises its stake in Gucci Group to 54.4%.
• Sale of Guilbert home shopping activity to Staples Inc.
• Sale of part of the Credit and Financial Services activity in France and Scandinavia to Crédit Agricole SA (61% of Finaref) and to BNP Paribas (90% of Facet).

2003
• The Group raises its stake in Gucci Group to 67.6%.
• Sale of Pinault Bois & Matériaux to the Wolesley group in the UK.
• Sale of the Guilbert “contract” activity to the American group Offi ce Depot.
• Further sale of 14.5% of Finaref.

2004
• The Group raises its stake in Gucci Group to 99.4% following a tender offer.
• Sale of Rexel.
• Sales of the 24.5% residual stake in Finaref.

2005
• Change in the corporate name: Pinault-Printemps- Redoute becomes PPR.
• Sale of MobilePlanet.
• Sale of the 10% residual stake in Facet.

2006
• Sale of 51% of France Printemps to RREEF and the Borletti group.
• Sale of Orcanta to the Chantelle group.
• Sale of the Bernay industrial site (YSL Beauté Recherche et Industrie).
• Cessation of Fnac Service activities.
• Conforama acquires majority control of Sodice Expansion.
• Redcats Group acquires The Sportsman’s Guide, Inc.

2007
• Sale of the 49% residual stake in France Printemps to RREEF and the Borletti Group.
• Sale of Kadéos to the Accor Group.
• Acquisition of a 27.1% controlling stake in Puma, followed by an increase in this stake to 62.1% on completion of a tender offer.
• Acquisition by Redcats USA of United Retail Group.

2008
• Sale of YSL Beauté to L’Oréal.
• Sale of Conforama Poland.
• Sale by Redcats UK of Empire Stores.
• Sale by Redcats USA of the Missy division.
• Purchase of a 23% stake in Girard Perregaux.

2009
• Acquisition by Puma of Dobotex International BV.
• Acquisition by Puma of Brandon AB.
• Sale of Bédat & Co.
• Sale of Surcouf.
• Flotation of 58% of Cfao.

2010
• Acquisition of a 20% stake by Puma in Wilderness Holdings Limited .
• Acquisition by Puma of Cobra.
• Sale of Fnac éveil & jeux.
• Sale of the controlling stake in Conforama.

2011
• Announced acquisition of Brioni (November 2011).
• Acquisition of Volcom Inc. (Volcom and Electric brands)
• Stake in Sowind Group (Girard-Perregaux and JeanRichard brands) - raised to 50.1 % (controlling stake)

2012
• Creation of a joint venture with Yoox S.p.A. dedicated to e-commerce for several brands of the Luxury Division (August 2012).
• Announced project to demerge and list Fnac (October 2012).
• Sale of Redcats USA business (The Sportsman’s Guide and The Golf Warehouse in November 2012, announced sale of OneStopPlus in December 2012).
• Announced acquisition of a majority stake in Chinese fine jewellery brand Qeelin ( December 2012).

2013
• Acquisition of a majority stake in the luxury UK designer brand Christopher Kane. 
• March 2013 announcement of corporate name change : PPR becomes Kering following the approval at the Annual General Meeting on 18 June 2013
• Sale of the Children and Family division of Redcats, Cyrillus and Vertbaudet.
• Acquisition of a majority stake in tannery France Croco.
• Sale of the Nordic brands of Redcats, Ellos and Jotex.
• Listing of Groupe Fnac.
• Acquisition of a majority stake in Italian jewellery group Pomellato.
• Kering enters into exclusive negotiations for the disposal of La Redoute and Relais Colis.

2014
• Closing of the sale of La Redoute and Relais Colis
Kering reorganises its Luxury activities with the creation of two new divisions – “Luxury – Couture & Leather Goods” and “Luxury – Watches & Jewellery”
• Announced project of internalisation of the Eyewear business value chain.
• Acquisition of the haute horlogerie brand Ulysse Nardin.
 
2015
• Signing of a five year strategic partnership with the Festival de Cannes
• Closing of the sale of Movitex
• Finalisation of the partnership with Safilo and launch of Kering Eyewear,a dedicated entity specialised in luxury, high-end and sport Eyewear
• Closing of the sale of Sergio Rossi
 
2016
• Kering recognised as one of the Global 100 Most Sustainable Corporations in the World in The Corporate Knights’ Global 100 index
• Collaboration with the ‘Women at Sundance’ Fellowship Program in partnership with the Sundance Institute
• Second edition of the Women in Motion programme in partnership with the Festival de Cannes, welcoming actresses Jodie Foster, Gena Davis and Susan Sarandon among others
• Kering renews its partnership with HEC Paris School of Management’s Luxury Chair