Francois Henri Pinault news and archive

Kering’s François-Henri Pinault believed to be eyeing CAA acquisition

François-Henri Pinault, the chief executive officer of luxury fashion house Kering, is believed to be in “advanced” discussions to acquire a majority stake in Hollywood talent agency Creative Artists Agency (CAA). For the firm, which represents the likes of Brad Pitt and Scarlett Johansson, such a deal could reel in “at least seven billion...

Business

Kering offloads further stake in Puma

Kering has divested a 5.9 percent stake in sporting giant Puma. The luxury group led by François-Henri Pinault announced it sold its shares for a value of 655.6 million euros, corresponding to a share price of 74.50. The sale leaves Kering with a reduced 9.8 percent share of the sportswear company. In the past few years Kering began divesting...

People

Luxury titan Pinault gives up part of salary over virus

Francois-Henri Pinault, the head of French luxury group Kering, has agreed to give up a quarter of his fixed wages for the rest of the year and the entirety of his variable compensation for 2020, the company said Friday. The luxury group which includes labels such as Gucci, Saint Laurent, Balenciaga and Bottega Veneta in its stable, put the move...

PeopleFeatured

Puma confirms François-Henri Pinault departure from board of directors

London - Puma has confirmed that François-Henri Pinault is no longer a member of its newly elected Puma board of directors, reviving speculation that it parent company Kering has begun to explore options for a sale of the sportswear label. "We confirm that Mr. Pinault is not a member of the newly elected Puma Board of Directors. Mr. Thore...

Business

Kering introduces minimum maternity leave time

London - Luxury conglomerate Kering is set to introduce a new parental policy for all its employees across the global, which includes a minimum of 14 weeks full pay maternity leave. Effective from January 1, 2017, Kering parental policy will offer all 38,500 employees, with more than year’s seniority, 14 weeks full pay maternity and adoption...

Fashion

Pinault and Yves Saint Laurent join Dorchester boycott

François-Henri Pinault, CEO of the luxury group Kering and president of the foundation Kering for Women, has lent his support to the boycott of the Dorchester Collection chain of hotels, following the decision of the hotels' owner, the Sultan of Brunei, to introduce Sharia law in Brunei. The Kering chairman condemned the moves via Kering...