Kering’s Post

Balenciaga CEO Set to Lead Yves Saint Laurent. Cédric Charbit is poised to replace Francesca Bellettini, who became co-deputy CEO of owner Kering. Read More: https://lnkd.in/dQZFB37d #LuxuryConnect #LuxuryCruxx #Kering #YvesSaintLaurent #LuxuryLeadership #Balenciaga #FashionIndustry #LuxuryBrands #ExecutiveLeadership #FashionInnovation #LuxuryManagement #BrandStrategy

Generational shift at the top of LVMH: Toni Belloni, 69, the number 2 at the luxury group, is passing on the baton to Stephane Bianchi, 59. Arnault did say in January the head of the watches and jewelry unit would soon have new responsibilities. When we asked what exactly he'd meant after the annual results presentation, he didn't expand. Belloni spent over 2 decades at the top of LVMH, helping Arnault steer the bling ship. He'll still have some responsibilities, notably strategic missions and will be President of LVMH Italy. For Bianchi, it's quite the move. He joined LVMH in 2018 and steadily rose through the ranks. Becoming the number 2 at the second biggest market cap in Europe is no small feat. #lvmh #managementchanges

📣 In line with our long-term investment strategy and mindful of recent market fluctuations, we have strengthened our position in the luxury group Kering (brands including Gucci, Balenciaga, Alexander McQueen, Saint Laurent, Pomellato, and more). We see this as an opportune moment to increase our investment in Kering, given the current valuation metrics such as relative P/E, P/CF, and P/B ratios, along with the company's intrinsic value assessments. Despite the broader deflationary pressures on the luxury sector impacting peers like LVMH, Hermès, and Richemont, Kering's current valuations present a compelling opportunity. Kering now stands as our second-largest holding, following Spanish utilities company REDEIA and ahead of Australian basic materials company Rio Tinto. Please refer to the attached graph for a detailed overview of our latest holdings. #valueinvesting #luxury #kering

The largest luxury companies by market cap. 🛍️LVMH's market cap is almost 60% larger than the bottom 10 companies. 👜Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari 🏎️for example. Despite owning 10+ brands including iconic maisons such as Gucci 🐝, Saint Laurent👠, and Bottega Veneta🎒, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. 💍Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #8 on this list.

Gucci is embarking on an exciting new chapter as it navigates a challenging period of leadership change and brand image disruption. With a reported 20% decline in sales in the first half of 2024 as a result of a change in direction following the departure of former creative director Alessandro Michele (end 2022), the brand is working to restore its prestige and heritage as part of the new direction of the Maison. This includes the phasing out of products and marketing content from the previous creative era, which disrupted the brand's identity and perception among key customers. As a result, the brand's focus has gradually shifted to its core leather goods, carry-over items and accessories. However, the transition has been challenging, partly due to the industry's muted response to Sabato De Sarno's vision, especially among Chinese consumers, and the slow delivery of his seasonal collections. I am excited to see where the new leadership will take Gucci and what the future holds for this iconic Italian luxury brand. #Gucci #LuxuryFashion #NewBeginning #FashionIndustry

For Gucci, the appointment of Stefano Cantino as CEO brings promising change due to his extensive experience at LVMH and Dolce & Gabbana. A positive shift could emerge from his deep understanding of brand storytelling, luxury craftsmanship, and customer experience. However, challenges will likely include reigniting consumer demand and balancing creative innovation with Gucci’s heritage. Returning to the brand’s original DNA, while aligning it with modern trends, will require careful strategy and execution to avoid alienating its core luxury audience. Who would vote for Anthony Vaccarello, taking the design front seat, who has infused Saint Laurent with a provocative, high-glamour look, reminiscent of Ford’s bold sex appeal and modern luxury approach. A. Vacarello could definitely capture that iconic balance of sophistication and daring that Ford perfected at Gucci. #BOF #Gucci #TomFord #Vaccarello #BRANDdna #Luxury #highglamour #StefanoCantino

The 13 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is more than double the size of the bottom ten companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.3x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, Brioni, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. was acquired by LVMH during the pandemic at a $16B valuation, which would place them at #8 on this list.

We just created this infographic that illustrates the 13 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is almost 60% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #8 on this list.

From Vision to Reality ✨ François-Henri Pinault transformed Kering into a luxury powerhouse with a clear, long-term strategy. 🏆 His secret? Patience, precision, and step-by-step execution. By focusing on sustainable growth, he positioned Kering as a symbol of strength and excellence in the luxury market. 🌟 💡 A reminder that success isn’t about rushing — it's about building a legacy, one step at a time. To know more, click the link here - societyachievers.com.   Plus more in-depth articles and features – Just click the link in our bio! #LuxuryLeadership #VisionaryLeadership #SuccessStory #LuxuryBrands

From Vision to Reality ✨ François-Henri Pinault transformed Kering into a luxury powerhouse with a clear, long-term strategy. 🏆 His secret? Patience, precision, and step-by-step execution. By focusing on sustainable growth, he positioned Kering as a symbol of strength and excellence in the luxury market. 🌟 💡 A reminder that success isn’t about rushing — it's about building a legacy, one step at a time. To know more, click the link here - societyachievers.com.   Plus more in-depth articles and features – Just click the link in our bio! #LuxuryLeadership #VisionaryLeadership #SuccessStory #LuxuryBrands