Elisa Anzolin

3 weeks ago | marketscreener.com | Elisa Anzolin |Mathieu Rosemain

French luxury conglomerate Kering is in exclusive negotiations with private equity heavyweight Ardian to sell a stake in its real estate holdings on New York's iconic Fifth Avenue, according to two sources with direct knowledge of the matter. Kering had acquired these properties only a year and a half ago, in January 2024. However, facing significant debt, the luxury giant is now looking to cut costs and bolster its finances by divesting some of its real estate assets.

3 weeks ago | insideretail.us | Elisa Anzolin

Prada said on Thursday it acquired a 10 per cent stake in Italian leather group Rino Mastrotto, as the luxury group aims to tighten its grip over the production process. Under the deal, Prada will confer to Rino Mastrotto two tanneries – Italy’s Conceria Superior and France’s Tannerie Limoges – and said it will make a cash investment, without specifying the figure.

1 month ago | kfgo.com | Tassilo Hummel |Elisa Anzolin

By Tassilo Hummel and Elisa AnzolinPARIS -In trying to reduce Kering’s over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump.

1 month ago | money.usnews.com | Tassilo Hummel |Elisa Anzolin

ReutersA building acquired by Kering for its Gucci brand, as part of a wider push into real estate, stands in Paris, France May 28, 2025. REUTERS/Abdul SaboorBy Tassilo Hummel and Elisa AnzolinPARIS -In trying to reduce Kering's over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump.

1 month ago | marketscreener.com | Tassilo Hummel |Elisa Anzolin

PARIS -In trying to reduce Kering's over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump. Those debts are getting harder to manage, with Kering shares down 60% over the past two years and U.S. President Donald Trump's tariff threats dashing hopes of a sector rebound, and are weighing on the group as it vies with deep-pocketed rivals.