Core Viewpoint - French luxury group Kering is acquiring family-owned jewelry producer Raselli Franco Group with an initial investment of 115 million euros ($134.76 million) [1] Company Summary - Kering is expanding its portfolio in the luxury sector by purchasing Raselli Franco Group, a family-owned jewelry producer [1] - The acquisition reflects Kering's strategy to enhance its presence in the jewelry market, which is a growing segment within the luxury industry [1] Financial Summary - The initial investment for the acquisition is set at 115 million euros, equivalent to approximately 134.76 million dollars [1]

Press release - Staged acquisition of Raselli Franco Group - 18 12 2025 PRESS RELEASE December 18, 2025 KERING ANNOUNCES THE STAGED ACQUISITION OF RASELLI FRANCO GROUP, A LEADING JEWELRY MANUFACTURER One of the largest global independent luxury jewelry manufacturers in Europe Initial 20% stake, with pathway to full ownership by 2032 A major step for Kering, creating a sizeable platform for future growth in jewelry Kering is pleased to announce the signing of an agreement to acquire Raselli Franco Group, a ...

Kering - Statement Number of Shares and voting rights - 15.12.2025 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS December 18, 2025 Monthly statement on the total number of shares and voting rights (articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total number ofsharesTotal number of voting rightstheoretical 1 ...

Gucci owner Kering will receive $690 million for a majority stake in a Fifth Avenue property in a deal with private-equity group Ardian, as the luxury group continues to unload assets to bolster its finances https://t.co/gNvGo4pmFa ...

Gucci owner Kering will get $690 million following its sale of a stake in a New York property to investment fund Ardian https://t.co/xWRdCdifAp ...

Core Viewpoint - Kering's recent deal is part of a real-estate strategy aimed at securing retail locations for its brands while enhancing financial flexibility [1] Group 1 - The deal reflects Kering's commitment to strengthening its retail presence [1] - The strategy is designed to improve the company's financial flexibility [1]

Kering , the owner of luxury brand Gucci, said on Tuesday it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash. ...

Core Insights - Kering and Ardian have finalized a joint venture agreement for a prominent property located at 715-717 Fifth Avenue, New York City, encompassing approximately 115,000 sq. ft (10,700 sq. m) of luxury retail space [2][3] - Kering will hold a 40% stake in the joint venture, while Ardian will hold 60%, with the transaction valued at USD 900 million (EUR 766 million) and net proceeds for Kering amounting to USD 690 million (EUR 587 million) [3][4] - This partnership is part of Kering's strategy to enhance its real estate portfolio and financial flexibility, while Ardian views this investment as a strategic expansion into the U.S. market [4][5] Company Overview - Kering is a global luxury group with a diverse portfolio of brands including Gucci, Saint Laurent, and Bottega Veneta, generating revenue of €17.2 billion in 2024 and employing 47,000 people [6] - Ardian is a global private markets firm managing or advising $196 billion for over 1,890 clients, focusing on providing investment solutions that adapt to new economic dynamics [10]

Core Insights - Kering and Ardian have finalized a joint venture agreement for a prominent property located at 715-717 Fifth Avenue, New York City, encompassing approximately 115,000 sq. ft (10,700 sq. m) of luxury retail space [2][3] - Kering will hold a 40% stake in the joint venture, while Ardian will hold 60%, with the transaction valued at USD 900 million (EUR 766 million) and net proceeds for Kering amounting to USD 690 million (EUR 587 million) [3][4] - This partnership enhances Kering's real estate portfolio management strategy and provides financial flexibility, while Ardian views this investment as a strategic expansion into the U.S. market [4][5] Company Overview - Kering is a global luxury group with a diverse portfolio of brands including Gucci, Saint Laurent, and Bottega Veneta, generating revenue of €17.2 billion in 2024 and employing 47,000 people [6] - Ardian is a diversified private markets firm managing or advising $196 billion for over 1,890 clients globally, focusing on providing investment solutions that adapt to new economic dynamics [9]

Core Insights - Kering Beauté will be reclassified as discontinued operations in the consolidated financial statements as of December 31, 2025, following the agreement with L'Oréal for its sale, expected to close in the first half of 2026 [2]. Financial Information - For H1 2025, reported revenue was €7,587 million, which will be restated to €7,439 million after excluding Kering Beauté's contribution of €148 million. In 2024, reported revenue was €17,194 million, restated to €16,874 million after excluding Kering Beauté's contribution of €320 million [2]. - The recurring operating income for H1 2025 was reported at €969 million, restated to €920 million after excluding Kering Beauté's contribution of €49 million. For 2024, reported recurring operating income was €2,554 million, restated to €2,440 million after excluding Kering Beauté's contribution of €114 million [2]. - Quarterly revenue for Q3 2025 was reported at €3,415 million, with a comparable change of -5%. After restating for Kering Beauté, the revenue was adjusted to €3,331 million, reflecting a comparable change of -6% [3]. Future Reporting - Kering Beauté's contributions will be presented separately within net income from discontinued operations, and comparative periods will be restated for consistency across reporting periods. The Group's financial indicators will be presented excluding Kering Beauté under continuing operations [8].