Press release: Kering completes the acquisition of a 30% shareholding in Valentino
01 December 2023 - 4:00AM
Press release: Kering completes the acquisition of a 30%
shareholding in Valentino
Press Release - Kering completes the acquisition of a 30pct
shareholding in Valentino
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PRESS RELEASE |
|
November 30, 2023 |
KERING COMPLETES THE ACQUISITION
OF A 30% SHAREHOLDING IN VALENTINO
Kering announced today that it has completed the
acquisition of a 30% shareholding in Valentino, in accordance with
the terms disclosed on July 27, 2023, and following clearance from
the antitrust authorities. This stake will be accounted for using
the equity method, starting from today onwards.
About Kering
A global Luxury group, Kering manages the
development of a series of renowned Houses in Fashion, Leather
Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta,
Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo,
Qeelin, Ginori 1735 as well as Kering Eyewear and Kering Beauté. By
placing creativity at the heart of its strategy, Kering enables its
Houses to set new limits in terms of their creative expression
while crafting tomorrow’s Luxury in a sustainable and responsible
way. We capture these beliefs in our signature: “Empowering
Imagination”. In 2022, Kering had over 47,000 employees and revenue
of €20.4 billion.
Contacts
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Press |
|
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| Emilie
Gargatte |
+33 (0)1 45 64 61
20 |
emilie.gargatte@kering.com |
| Marie de
Montreynaud |
+33 (0)1 45 64 62
53 |
marie.demontreynaud@kering.com |
| |
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|
Analysts/investors |
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| Claire
Roblet |
+33 (0)1 45 64 61
49 |
claire.roblet@kering.com |
| Julien
Brosillon |
+33 (0)1 45 64 62
30 |
julien.brosillon@kering.com |
- Press Release - Kering completes the acquisition of a 30pct
shareholding in Valentino
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