Pinault news and archive

Reports: Giambattista Valli at risk of closure

The Giambattista Valli, an Italian-French fashion brand is reportedly facing a complex period that could lead to its closure. According to reports from Italian daily newspaper Il Foglio, this is due to debts far exceeding the label's turnover. “We do not know if we will make it to spring,” a company executive told the newspaper founded by...

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Business

Pinault considers sale of Puma stake

According to insiders, the French billionaire Pinault family is considering selling its stake in the sportswear manufacturer Puma (PUM.DE). The family is considering several options and has already contacted potential buyers, Bloomberg reported on Monday, citing people familiar with the matter. The Pinault family holds 29 percent of Puma shares...

People

French Fashion Council sees changes

The French fashion council - Fédération Française de la Couture du Prêt à Porter des Couturiers et des Créateurs de Mode - this week stated Kering chairman François-Henri Pinault has been elected to its executive committee. Pinault was selected in his capacity as president of Yves Saint Laurent. It was a week of shuffling as the board of the...

Fashion

PPR plays re-shuffle board

The French luxury goods giant, Pinault Printemps Redoute (PPR), has announced last week that the founder's son, Francois-Henri Pinault, will be taking over as group chief executive from Serge Weinberg. The announcement was made following a board meeting. PPR added that the group would be switching to a single board structure, as opposed to the...