Kering, the luxury conglomerate formerly named PPR, announced on Friday that it had taken a minority stake in Altuzarra, the label started in 2008 by the French-American designer Joseph Altuzarra.
Kering has reached a deal with RA.MO S.p.A for the acquisition of a majority stake in Italian Jewellery group Pomellato.
PPR will change its name to Kering to cap the company’s transformation into a luxury and sporting goods specialist.
Young Scottish design talent Christopher Kane has seen French luxury holding PPR invest in his label. A new store and second line are expected for 2014.
PPR, the owner of Gucci, Yves Saint Laurent and Balenciaga, has bought Chinese jeweller Qeelin for an unnamed sum.
In an interview with WWD, PPR boss François-Henri Pinault has hinted that Balenciaga may make a return to the haute couture calendar.
PPR named Alexander Wang creative director of its Balenciaga fashion and accessories brand to replace Nicholas Ghesquiere, who quit last month.
Nicolas Ghesquière, designer at Balenciaga, just announced he is leaving after 15 years.
For his 50th birthday it seems that Francois-Henri Pinault’s father bought him a Greubel Forsey GMT watch, which reportedly retails for $500,000.
Hedi Slimane, a former designer for Dior Homme is to take over as creative director at Yves Saint Laurent, YSL and its parent company PPR confirmed on Wednesday. Slimane is “named creative and image director” and “will take on artistic responsibility for the brand and all the collections. In parallel with his new job, he will continue … Continued
François Pinault, founder of luxury conglomerate PPR, has just paid $32 million for a historic mansion in the Chelsea neighborhood of London. It was designed, according to The Telegraph, in 1868 by Philip Webb, the ‘Father of Arts and Crafts architecture.’ It also has triple-height ceilings. The house was previously owned by Professor Bernard Nevill … Continued
French luxury products giant PPR said on Tuesday it was acquiring Italian high-end menswear brand Brioni, in line with the restructuring of its business. PPR has “signed an accord with Brioni shareholders to acquire 100 percent of the capital,” it said in a statement, without giving a figure for the deal. PPR head Francois-Henri Pinault … Continued
French retailer and luxury goods giant PPR announced Monday the launch of a capital increase reserved for Group Sowind after which it will become the majority shareholder of the company with 50.1% of the capital. Sowind Group, one of the few independent Swiss watch manufacturers with a presence in 60 countries including the brands Girard-Perregaux … Continued
Gucci have created a limited edition bracelet to help support the relief efforts in earthquake and tsunami ravaged Japan. Featuring a white-red-white web that recalls the colors of the Japanese flag, the bracelet carries a medal with a message that reads, “Gucci loves you.” The bracelet will go on sale in Gucci stores throughout Japan … Continued
Champagne corks are popping again in the luxury business as “It” bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis. As the owner of Gucci and Yves Saint Laurent, French luxury goods giant PPR, on Friday joined a string … Continued
Yet another Fall 2010 advertising campaign has emerged, this one from French fashion house Yves Saint Laurent and starring supermodel Daria Werbowy. The newads were shot by husband-and-wife team Inez van Lamsweerde and Vinoodh Matadin, while YSL designer Stefano Pilati played creative director. Werbowy was shot on the spiraling staircase inside the HÃ´tel de Clermont-Tonnerre, … Continued
French luxury group PPR said Thursday that it will maintain Alexander McQueen’s label after the British designer committed suicide last week. “This would be the best tribute that we could offer to him,” said Francois-Henri Pinault, president of the group, at a meeting in Paris to present company results. The flamboyant 40-year-old McQueen, one of … Continued
French luxury and retail group PPR managed to post first-half profits that beat forecasts despite a slump in spending on luxury goods in Japan and US department stores. PPR made an operating profit of 707 million euros in the six months to June 30, down from 743 million euros in the year-ago period. The retailer … Continued
Gucci plans to open two to four more stores this year in China, after opening its 28th on Saturday, undeterred by uncertainty in the global economy as China is set to lead future luxury consumption. For the moment, China’s $8 billion luxury market accounts for just 3 percent of global sales, compared with 38 percent … Continued
Boucheron celebrates the launch of the movie “HOME”, for which its parent company PPR is the exclusive worldwide partner. Precious metals and gems are amongst the earth’s most precious gifts and on this occasion, the House has especially created “The Magnetic Quatre”, a unique combination of four golds. The amalgamation of different golds and textures … Continued