Kering Americas Inc history

In 1893, Boucheron became the first jeweler to set up shop on Place Vendôme.

Brioni makes its mark by staging the first men’s fashion show, in 1952, and by introducing bold colors and modern fabrics into its collections.

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

Saint Laurent moves its headquarters and showrooms to 37, rue de Bellechasse in Paris’ 7th arrondissement, marking a return to the House’s origins. Its first ready-to-wear boutique opened in nearby 21, rue de Tournon in 1966.

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

The group’s first strategic move comes in 1990 with its diversification into specialized retail distribution.

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.

1995 • Launch of the Group’s fi rst 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: 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.

2001: Stella McCartney – In 2001, McCartney launched her eponymous label (after leaving her post as creative director of Paris fashion house Chloé), and that same year, announced her partnership with Gucci Group, the latter of which acquired a 50 percent interest in the parties’ joint venture.

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.

2007: Puma – Kering seized new growth in 2007 with the purchase of a 27.1 percent controlling stake in the German multi-national sport and lifestyle company Puma for 5.3 billion euros, followed by an increase in stake to 62.1 percent on completion of a tender offer.

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.

2014: Ulysse Nardin – Kering acquired the 171-year old Swiss haute horlogerie brand Ulysse Nardin in 2014.

Since October 2015, Demna, appointed artistic director of Balenciaga’s collections, continues to uphold the vision, influence and radical style of the House.

The parties did not disclose financial terms for the deal, but the break follows from the fact that McCartney “has a long-standing clause in her contract giving her the option to re-purchase Kering’s stake, exercisable by March 31, 2018.”

Boucheron celebrates the reopening of its iconic boutique in January 2019.

2021: Vestiaire Collective – Kering announced in March that it has taken a 5 percent stake in secondhand marketplace Vestiaire Collective, leading a $216 million funding round alongside American investment firm Tiger Global Management.