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37-453: The timber-trading company Pinault S.A. was founded in 1962, by François Pinault . After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute ( PPR ) in 1994. The luxury group was rebranded Kering in 2013. It has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been president and CEO of Kering since 2005. In 2023,

74-474: A Sport & Lifestyle portfolio with the acquisition of Puma in 2007, Cobra Golf in 2010, and Volcom in 2011, all of which were sold the following decade. In March 2013, PPR changed its name to Kering. The leather-weaver Bottega Veneta was transformed into a "quiet luxury" icon, hitting the billion-dollar mark in sales in 2012. In 2014, Kering created its own eyewear production arm, Kering Eyewear, growing its revenue to 1.5 billion euros in 2023, and acquired

111-580: A new, Pinault Collection-branded contemporary art museum. Tadao Ando was put in charge of transforming the historic building. The museum opened in May 2021. In 2014, François Pinault launched, through the Pinault Collection, an artist residency program in Lens (Northern France) which opened in 2015. In 2015, in memory of his friend the writer (and Picasso biographer) Pierre Daix who died in 2014, Pinault created

148-403: Is Groupe Artémis . In 2023, Kering made 19.6 billion euros in revenue. The group has 46,000 employees and 1,381 stores. Kering fully or partially owns the following brands: (formerly Richard Ginori ) Kering also owns Kering Eyewear (luxury eyewear production arm) and Kering Beauté (cosmetics division). The Kering Foundation was created in 2008 to combat violence against women . Kering

185-527: Is marketed to have been created for "one of America's leading families , a political dynasty now known worldwide for its energy, vigor, and impeccable style". This is also without historical confirmation. Creed's mainstream breakthrough success came in the mid-1980s with the fresh fougère fragrance Green Irish Tweed (1985). After Cary Grant died in 1986, Creed’s advertising made claims that Grant wore it. Around this time their advertising began to feature many long-dead celebrities, attempting to lend pedigree to

222-490: The Gucci group for $ 3 billion and 100% of Yves Saint Laurent . Those investments marked the cornerstone of the group's shift towards luxury. Through Gucci, Pinault-Printemps-Redoute acquired Boucheron in 2000, Bottega Veneta in 2001, Balenciaga in 2001, and signed partnerships with Alexander McQueen and Stella McCartney . In 2003, François-Henri Pinault, son of the founder François Pinault, became general manager of Artémis,

259-672: The Tokyo Film Festival in 2019. In 2015, the group released the environmental profit and loss account (EP&L). Kering launched the Regenerative Fund for Nature in 2021 to finance the transition to regenerative farming practices and the Climate Fund for Nature in 2022 to finance nature conservation and restoration initiatives. In May 2024, Kering partenered with the National University of Singapore to create, via

296-559: The Yves Saint Laurent company. Pinault then purchased the French jewelry company Boucheron in 2000, Balenciaga in 2001, and the British fashion house Alexander McQueen . In May 2003, he handed over the management of his companies to his son François-Henri who pursued the consolidation of the luxury group with new acquisitions ( Brioni , Girard-Perregaux , Pomellato ...) and changed

333-595: The 54th-richest person in the world. François Pinault was born on 21 August 1936 in Les Champs-Géraux , a commune in the north of Brittany in the west of France. His father was a timber trader. Pinault grew up in the rural French countryside, beginning his career working for his family's timber business. He dropped out of school at the age of 16 from the College Saint-Martin in Rennes . In 1956, he enlisted in

370-690: The Pierre Daix Prize to reward an outstanding book on modern and contemporary art every year. In 1990, following a fire in the Paimpont forest in Brittany , Pinault immediately financed the reforestation project. In 2000, he provided a significant financial assistance to help the islands in Brittany affected by the oil spill following the sinking of the Erika . In 2022, he pledged to contribute 500,000 euros to restore

407-618: The chapel Saint-Michel of Brasparts in Monts d'Arrée , and the butte on which it stands on, after it had been ravaged by fire. In 2000, Pinault bought the Théâtre Marigny which was fully renovated from 2013 to 2018. In 2012, he bought the Villa Greystones in Dinard , France, designed by Michel Roux-Spitz ( monument historique in 2019 ). In 2018, Pinault made a significant contribution to

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444-747: The château de la Mormaire ( Yvelines ), and of the Hôtel de Clermont-Tonnerre and the Hôtel Choiseul-Praslin (Paris). In 2022, he pledged to finance the restoration of the Chapelle Saint-Michel on top of the Monts d'Arrée that was deteriorated by a wildfire and bought the villa Bel-Esbat located a few hundred meters away from Villa Greystones in Dinard. As of September 2023, according to the Bloomberg Billionaires Index , Pinault's wealth

481-745: The company Palazzo Grassi SpA which operated the Palazzo Grassi in Venice . The Japanese architect Tadao Ando renovated the historical building which housed the first exhibition of Pinault Collection in 2006. One year later, the Venice city council awarded the tender of the Punta della Dogana , which had been abandoned for 30 years, to Pinault Collection, adding 5,000 m to the Palazzo Grassi space in Venice. Tadao Ando also restored this historical site, which reopened to

518-440: The deceleration of Gucci's streak, a transition phase according to the group's executives. That same year, Kering acquired the fragrance company Creed , 30% of the fashion house Valentino , and Kering Beauté was launched to manage in-house the development of beauty products for the group's brands. Kering's headquarters are located in the former Hopital Laennec in the 7th arrondissement of Paris. The parent holding company of Kering

555-455: The entity's Center for Governance and Sustainability, a tool for measuring the environmental impact of companies in the Asia-Pacific region . This collaboration seeks to establish a benchmark for measuring the impact of the green strategies of major Asia-Pacific companies. Fran%C3%A7ois Pinault François Pinault (born 21 August 1936) is a French billionaire businessman, founder of

592-677: The eyewear brands Lindberg in 2021 and Maui Jim in 2022. The traditional Balenciaga house was turned into a disruptive fashion house and Yves Saint Laurent hit the 2-billion dollar sales mark in 2019. However, from 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, hitting the 10-billion dollars sales mark in 2022. The group divested its interests in Stella McCartney in 2018, Christopher Kane in 2019, and its entire watch division (Girard-Perregaux and Ulysse Nardin) in 2022. In 2023, Kering's annual results declined to 19.6 billion (-4%), mainly caused by

629-709: The family holding company that controlled Pinault-Printemps-Redoute. In 2005, he was named president and CEO of Pinault-Printemps-Redoute, a year after the group had reached a 99.4% ownership of Gucci . The group continued acquiring luxury brands: Sowind Group (watch company owner of Girard-Perregaux ) and Brioni (Italian tailor) in 2011, Pomellato Group (jewelry company owner of Pomellato and Dodo) and Qeelin (jewelry) in 2012, Christopher Kane (British fashion house) and Richard Ginori (porcelain) in 2013, Ulysse Nardin (watches) in 2014. The group also sold its retail assets: Le Printemps in 2006, Conforama in 2011, CFAO in 2012, Fnac in 2012, and La Redoute in 2013. PPR developed

666-442: The fashionable dandy Count d'Orsay , Queen Victoria , and Empress Eugénie , who issued the firm of Creed & Cumberland a Royal Warrant for tailoring articles. Olivier Creed's first eponymously named fragrance was a traditional eau de cologne with matching aftershave. Its release date is unknown, although bottles are still in circulation. Creed also has other high-profile creations in its catalog such as Angelique Encens, which

703-505: The fledgling brand. The first trademark for Creed perfume was registered in 1979 in France. Creed's marketing masterpiece, the fragrance Aventus (2010) has seen good commercial success. Erwin Creed stated that the popularity of Aventus enabled Creed to open its New York boutique location. Gabe Oppenheim's book, The Ghost Perfumer, interviews numerous perfumers and disputes Creed's claim that all of

740-450: The fragrances are made in-house by members of the Creed family. Pierre Bourdon claims to be the perfumer behind Green Irish Tweed (an early iteration of Davidoff's Cool Water, also made by Bourdon), Original Santal, Silver Mountain Water, Erolfa, Millesime Imperial among others. Creed claims to make fragrances exclusively for their clients and that some of those fragrances are later released to

777-477: The group owned 180 companies and 33 factories for an annual revenue of 10 billion francs. In 1988, Pinault S.A. was listed on the Paris Stock Exchange and started an era of growth in the retail sector through major acquisitions. In 1989, Pinault S.A. purchased 20% of CFAO, a French distribution conglomerate active throughout Africa. In 1990, Pinault S.A. and CFAO merged, and François Pinault became head of

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814-503: The group's name to Kering in 2013. Pinault bought his first significant painting, Cour de ferme by Paul Sérusier , in 1980. He collected art of the 20th century ( Mondrian , Picasso , Man Ray , ...) before following contemporary artists ( David Hammons , Rudolf Stingel , Damien Hirst , Jeff Koons , Subodh Gupta , Paul McCarthy , Bruce Nauman , Donald Judd , Robert Ryman , ...). In 2023, his art collection contained approximately 10,000 works. In 2005, François Pinault bought

851-399: The group's revenue reached €19.6 billion. In 1962, François Pinault opened the Établissements Pinault in Brittany (France) specialized in timber trading with a 100,000 francs loan from the bank. His business grew rapidly by acquiring many failing local timber operations and building its own import bridges, turning Pinault S.A. into a leading timber trader in France in the 1980s. By 1988,

888-493: The holding company Artémis to manage the Pinault family's investments. Controlled 100% by Pinault and his family, Artémis controls the vineyards Château Latour (Bordeaux), Clos de Tart (Bourgogne), Domaine d'Eugénie ( Vosne-Romanée ), Château Grillet (Rhône Valley), Eisele Vineyard ( Napa Valley ), and the champagne Jacquesson . Artémis bought the news magazine Le Point in 1997, the auction house Christie's in 1998, and

925-480: The luxury cruise company Ponant in 2015. Pinault has been the owner of the Rennes football club since 1998. In September 2023, Artémis acquired 53% of Creative Artists Agency for $ 7 billion. By the end of the 1990s, François Pinault started to shift his business focus from retail to luxury. In March 1999, Pinault-Printemps-Redoute purchased a controlling 42% stake of the Gucci Group for $ 3 billion, and bought

962-554: The luxury group Kering and the investment holding company Artémis . Pinault started his business in the timber industry in the early 1960s. Taken public in 1988, his company invested in specialty store chains and changed its name to Pinault-Printemps-Redoute (PPR). By the end of 1999, PPR shifted towards luxury and fashion. In 2003, he passed on the management of his companies to his elder son François-Henri to follow his passion for contemporary art. In 2024, Forbes estimated Pinault's net worth at $ 31.6 billion, ranking him as

999-407: The majority shareholder of Creed. In June 2023, Creed was acquired by Kering for €3.5 billion. Creed has stated that it has created perfumes exclusively for celebrities and well-known political figures. Creed claims that Tabarome "was commissioned by a legendary British statesman who loved fine brandy and highest quality cigars" but this is without historical confirmation. Also, Creed's Vetiver

1036-453: The military during the Algerian war . Afterwards, he returned to the family business, which he sold following his father's death. François Pinault started his first business in 1963 as a wood-trading company. Pinault SA grew strongly and diversified its portfolio by acquiring several companies facing bankruptcy, including Chapelle Darblay , to restructure them. On 25 October 1988, Pinault SA

1073-469: The newly formed group which acquired Conforama (French furniture retailer) in 1991, Printemps (department stores in France) in 1992, which also owned 54% of La Redoute (French mail-order shopping retailer), and Fnac (French bookstore, multimedia and electronics retailer) in 1994. The group was renamed Pinault-Printemps-Redoute in 1994. In 1999, Pinault-Printemps-Redoute purchased a controlling 42% stake of

1110-566: The public in June 2009. In 2013, Pinault achieved the third chapter of his cultural project in Venice with the renovation and transformation of the Teatrino, an open-air theater in ruins. Designed once again by Tadao Ando, the new Teatrino holds a 225-seat auditorium. In 2016, Pinault and the city of Paris announced their plan to turn the Bourse de commerce in the center of Paris ( 1st arrondissement ) into

1147-561: The restoration of Victor Hugo 's house, the Hauteville House , in Guernsey . After the Notre Dame de Paris fire on 15 April 2019, the Pinault family pledged 100 million euros as a donation to the reconstruction works and repairs of the cathedral. In 2021, he bought the hôtel particulier Hôtel de Cavoye in the 7th arrondissement of Paris for 80 million euros. He is also the owner of

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1184-753: The world of art. His first art purchases date back to this period. He is the father-in-law of the actress and producer Salma Hayek , who is married to his son François-Henri . Creed (perfume house) Creed Fragrances is an Anglo-French multi-national niche perfume house, based in Paris. The company was originally founded as a tailoring house in London , England in 1760 by James Henry Creed. It has boutiques in Paris, London , New York City , Beverly Hills , Sydney , Dubai , Kuwait City , Vienna , Manila , Cebu City , Mexico City , Milan , Miami , and Dallas in addition to stands in high end retailers across

1221-510: The world. The current generation of creative directors consists of Olivier Creed and his son Erwin Creed. James Henry Creed supposedly founded the House of Creed in London in 1760 as a tailoring establishment, however, the earliest evidence of Creed's existence hark from the late 1960s or early 1970s. It claims to have risen to fame in the mid 19th century under Henry Creed as tailors and habit makers for

1258-507: Was estimated at US$ 39.1 billion, making him the 32nd-richest person in the world. In 2024, Forbes estimated Pinault's net worth at $ 31.6 billion, ranking him as the 54th-richest person in the world. In 1962, he married Louise Gautier. They had three children: François-Henri , Dominique, and Laurence Pinault. The couple divorced five years later, and in 1970, Pinault married Maryvonne Campbell, an antique trader in Rennes who introduced him to

1295-758: Was one of the first companies to endorse the Women's Empowerment Principles of the UN Women . Starting in 2019, the Kering Foundation developed actions to combat violence against children , making it a pillar of its operations in 2023. In 2015, Kering became an official partner of the Cannes Film Festival and launched the diversity program Women in Motion which was extended to the Rencontres d'Arles photography festival and

1332-448: Was said to have been originally created in 1933 for the Bishop of Paris. The history of the Creed brand prior to 1970 comes from Creed itself. No historical evidence (documents, letters, warrants, receipts, vintage bottles or packaging, business licenses, etc.) of the company’s existence before 1970 exists. In February 2020, the private equity group BlackRock announced that it would become

1369-545: Was taken public in the Paris stock exchange and started to invest in specialty store chains. He acquired a majority stake in CFAO (specialized distribution in Africa), Conforama (furnishing retailer), Printemps (department store), La Redoute (mail order), and Fnac (books and electronics retailer). Pinault SA was renamed Pinault-Printemps-Redoute (PPR) in 1993. In 1992, Pinault set up

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