Contract
Posted on 11/26/2025
Global luxury group managing multi-brand houses
No salary listed
Bicester, UK
In Person
Kering is a global luxury group that coordinates the development of multiple fashion, leather goods, and jewelry houses. It operates through a multi-brand model where a central holding company supports brands like Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, and Brioni, enabling economies of scale and brand synergies. Revenue comes mainly from directly owned retail channels (online and company-operated stores), which gives the group control over brand image and pricing. The company emphasizes craftsmanship, exclusivity, heritage, and sustainability in its products. Its goal is to shape the future of luxury by expanding creative expression within its houses while producing sustainable, responsible luxury for high-net-worth individuals and the broader luxury market.
Company Size
10,001+
Company Stage
IPO
Headquarters
Paris, France
Founded
1963
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Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Retirement Plan
The Chinese brand said the partnership would allow it to expand in new categories and geographies, while the French group intends to glean consumer and manufacturing insights.
Kering reported first-quarter revenue of €3.568 billion, stable on a comparable basis but down 6% as reported. CEO Luca de Meo said the results mark "an important first step" in the company's recovery, with nearly all brands delivering growth during the quarter. Gucci remains the group's top priority, with a comprehensive turnaround underway focusing on client experience, distribution and product offerings. New collections are rolling out progressively throughout the year. Directly operated retail sales, including e-commerce, declined 2% on a comparable basis, whilst wholesale revenue rose 6%, driven by strong eyewear performance. Kering completed major transactions in beauty, jewellery and real estate during the quarter, strengthening its balance sheet. The company will present its strategic roadmap, "ReconKering", at a Capital Markets Day on 16 April in Florence.
"Kering" raises $1.4 billion from selling a stake in a building in Milan to "Al-Mirqab Qatari" "Kering" will convert the building into a joint venture with Al-Mirqab while retaining a 20% share of the equity. Riyadh - Al Arabiya Business Published on: April 01, 2026: 10:37 PM GST Last updated: April 01, 2026: 10:40 PM GST * Link copied Listen to the article Automatic audio text generated by an automated system Kering, the owner of the Gucci brand, announced today, Wednesday, the sale of an 80% stake in its property located on Via Monte Napoleone in Milan to the Al-Mirqab Qatari Group for 1.16 billion euros ($1.35 billion). This real estate deal is the latest in a series of deals made by the French group to lighten its debt burden and maintain its credit rating amid weak sales of its brands. Kering will convert the building into a joint venture with Al-Mirqab while retaining a 20% share of the equity, according to Reuters. Kering will receive an immediate payment of 729 million euros, with an additional 432 million euros to be received after 5 years. The announced proceeds indicate a valuation of 1.45 billion euros at nominal value. Kering acquired the building, located on the main shopping street in Milan, in 2024 for 1.3 billion euros. The group previously adopted a bold acquisition strategy but is currently under pressure to reduce its accumulated debt. Join the conversation Or continue as a visitor Advertisement material
Kering has finalised a transaction agreement with Al-Mirqab Group regarding its property at Via Monte Napoleone 8 in Milan. The iconic 18th-century building, situated at a prominent corner of Milan's Quadrilatero della Moda luxury district, is one of the largest properties on the street. Kering has contributed the asset to a newly incorporated company, held 80% by Al-Mirqab Group and 20% by Kering. The luxury group received €729 million at closing, with an additional €432 million to be paid in five years. The investment follows similar real estate partnerships in Paris and New York last year, forming part of Kering's selective property strategy to secure key locations for its houses whilst enhancing financial flexibility. Kering generated €14.7 billion in revenue in 2025.
Kering has completed the first phase of acquiring a 20% stake in Franco Raselli Group, one of Europe's largest independent luxury jewellery manufacturers, for €115 million. The agreement, announced in December, includes a path to full acquisition by 2032. The transaction supports Kering's strategy to accelerate development of Kering Jewelry, a new division designed to structure and drive growth in the jewellery business. The division will unite maisons Boucheron, Pomellato, Dodo and Qeelin whilst strengthening control over the value chain. Jean-Marc Duplaix has been appointed to lead the division with immediate effect. Founded in 1969 in Valenza, Italy's goldsmithing district, Franco Raselli Group operates across six countries with over 500 employees, producing more than 300,000 pieces and setting over 4 million stones annually.