PPR news and archive

Kering launches digital magazine

Luxury brand conglomerate Kering, formerly PPR, has launched its first digital-only publication ‘K’, a weekly digest that will be published in both English and French on its website. Kering’s move into publishing is part of its continuing rebrand and refocus on two areas: luxury and sport and lifestyle, which resulted in the group’s name change...

Design

Christopher Kane to open first store

London Fashion Week designer Christopher Kane is set to open his brand’s first store on London’s Mount Street next year. The designer, who received investment from Kering (formerly PPR) earlier this year, will join other luxury British brands including Alexander McQueen and Stella McCartney, as well as Roksanda Ilincic who is also opening her...

Fashion

Balenciaga to sue former creative director

French fashion house Balenciaga is suing Nicolas Ghesquière, its former creative director, for 9.2 million dollars for breach of contract. Balenciaga, which is owned by the luxury group Kering, stated Ghesquière violated a 'separation agreement' upon leaving the company. Such agreements are generally put in place to protect brands from any...

Fashion

Kering still owes China: Asian demand helps H1 revenue

ANALYSIS_ Kering said Europe enjoyed a "rebound" in the second quarter, driven by stronger local and tourist demand and pointed to buoyant business in Japan, where shoppers spent their money at home, partly because of the weak yen. Kering posted a first-half operating profit of 842.7 million euros, beating expectations of 808 million euros....

Design

Kering H1 revenue up 4.2 percent

REPORT_ For the first half of 2013 Kering revenue from continuing operations were up 4.2 percent based on a comparable group structure and exchange rates. Average outstanding net debt was down 17 percent compared with the first half of 2012. This reduction was chiefly due to the proceeds received from the sale of Cfao, which took place in the...

Design

Kering brands launch new online stores

French luxury group Kering in association with Yoox have launched new online stores for some its leading portfolio brands. Fashion houses Stella McCartney, Alexander McQueen and Saint Laurent join accessories houses Sergio Rossi and Bottega Veneta with new online stores. While each brand remains in full creative control of its online store, the...

Design

Gucci to revamp Japan stores

Kering, formerly known as luxury group PPR, is to revamp over 60 of its Gucci stores in Japan. The conglomerate is anticipating a recovery of the luxury goods market in Japan, with consumer confidence restored. Kering sees the boost investment in Japan as part of its international expansion plan. On June 18th PPR's name will be officially...

Design

Kering Q1 revenue up 3.1 percent

Paris-based PPR, which will be known as Kering after approval at the company’s annual general meeting on 18 June 2013, reported that its first-quarter 2013 comparable revenues went up 3.1 percent. Luxury division performance increased 6.4 percent on a comparable basis (up 8 percent in directly operated stores). Moving forward, company expects...

Design

Fashion boosts number of billionaires in Europe

According to data gathered by Forbes magazine, the industry that has generated the largest amount of billionaires in Europe is Fashion & Retail. In 2013, Spanish retail mogul Amancio Ortega has been crowned the year’s biggest gainer after adding 19.5 billion dollars and becoming the world’s third richest man. Among the European fortunes...

Design

Kering buys majority stake in France Croco

Former PPR, from now on Kering, has announced the acquisition of a majority stake in its supplier France Croco. The crocodile skin tannery is based in Normandy and produces leather for watchstraps, shoes and handbags. Kering announced the deal on March, 25 but it has not disclosed the sum invested in the crocodile skin tannery. France Croco will...

Fashion

Luxury group PPR to call itself "Kering"

PPR, the French fashion luxury group that controls Stella McCartney, Gucci and Saint Laurent, said it is to change its name to "Kering". The name, pronounced like the English word “caring,” combines the word “ker”, meaning home in the language spoken in the coastal region of Brittany where the Pinault family originates, and the suffix “ing,”...

Design

Sergio Rossi creative director departs

Italian luxury footwear brand Sergio Rossi has announced that Francesco Russo is leaving the company after four years of being the brand’s creative director. The short statement confirmed that it was a ‘joint decision to end their working relationship’ and that Russo wished to ‘pursue other professional interests’. The label also added that...