PPR (company)
 |
|
| Société Anonyme | |
| Traded as | Euronext: KER |
| Industry | Retailing |
| Founded | 1963 |
| Founder | François Pinault |
| Headquarters | Paris, France |
|
Key people
|
François-Henri Pinault (Chairman and CEO) |
| Products |
Luxury goods Sporting goods |
| Revenue | €10.038 billion (2014) |
| €1.664 billion (2014) | |
| Profit | €1.177 billion (2012) |
| Total assets | €24.69 billion (2010) |
| Total equity | €17.764 billion (2012) |
|
Number of employees
|
33,000 (2012) |
| Subsidiaries | |
| Website | kering |
Kering (previously PPR) is the French luxury goods holding company owner of Alexander McQueen, Balenciaga, Brioni, Gucci, Puma, Volcom, Saint Laurent Paris, and other luxury, sport & lifestyle brands distributed in 120 countries. The company was founded in 1963 by businessman François Pinault and is now run by his son François-Henri Pinault. It is quoted on Euronext Paris and is a constituent of the CAC 40 index.
On 22 March 2013, Pinault announced that the group would rename itself as Kering, and was approved by shareholders on 18 June 2013.
On 2 June 1962, François Pinault officially opened the Etablissements Pinault, first specialized in timber trade, and then in construction material distribution. Originally a company from Brittany, it grew organically and thanks to successive acquisitions, it became recognized nationally. Pinault SA was listed in the unlisted securities market of the Paris Stock Exchange in 1988.
In March 1990, François Pinault was elected president of CFAO, which specialized in electrical material distribution and negotiation in Africa.
In April 1991, Pinault SA entered the retail distribution market, with the takeover of Conforama.
In 1992, the Group sold the Compagnie Industrielle d’Ameublement (kitchen furniture), of Ordo (office furniture) and Isoroy (wood panel makers). The same year, the Pinault-Printemps Group was born out of the Au printemps SA takeover, which owned 54% of La Redoute and Finaref. In 1993, the Armand Thierry company, bought by Le Printemps, was sold. Disco (Food-industry retailer) was also sold.
In 1994, La Redoute was absorbed by Pinault-Printemps, and renamed Pinault-Printemps-Redoute. In July, the group took control of the Fnac, a French book music and tech retailer.
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Wikipedia