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Leadership History

Kering: CEO History

4 leaders · 1995 to present

Who is the CEO of Kering?

Luca de Meo is the CEO of Kering, in the role since 2025.

Current CEO
Luca de Meo (since 2025)
Leaders documented
4
Founded
1963
NameRoleFromToYears in role
Luca de MeoChief Executive Officer2025Present1
Francesca BellettiniPresident and CEO, Gucci2025Present1
François-Henri PinaultChairman of the Board2005Present21
Serge WeinbergChairman of the Management Board1995200510

Company Overview

Kering SA is a family-controlled luxury group headquartered at 40 rue de Sevres in Paris and listed on Euronext Paris (ticker KER), where it belongs to the CAC 40. It does not sell products under the Kering name. Instead it owns and runs fashion houses (Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni), jewelers (Boucheron, Pomellato, DoDo, Qeelin), the tableware house Ginori 1735 and Kering Eyewear. It had 43,731 employees at the end of 2025 and a market value of roughly EUR 27-30 billion in September 2026, far below its 2021 peak. The company is headquartered in Paris, France.

Kering makes money by selling high-priced fashion, leather goods, shoes, jewelry and eyewear under brands it owns outright. Most revenue comes through its own directly operated stores and e-commerce, which lets the houses control pricing and keep the full retail margin; wholesale, licensing and royalties make up the rest. The group is organized into three operating segments: Kering Fashion & Leather Goods (Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni), Kering Jewelry (Boucheron, Pomellato, DoDo, Qeelin) and Kering Eyewear, which designs and distributes eyewear for Kering houses and outside brands such as Cartier, Valentino, Lindberg and Maui Jim. Since March 2026, beauty is handled through long-term licenses with L'Oreal rather than in-house, so Kering earns royalties from fragrance and cosmetics instead of running the factories. In H1 2026, Fashion & Leather Goods produced ~$6.55 billion (EUR 5.80 billion) of the ~$8.16 billion (EUR 7.22 billion) group revenue, Eyewear ~$1.09 billion (EUR 965 million) and Jewelry ~$589 million (EUR 521 million).

Luca de Meo

Chief Executive Officer

2025 – Present

1 year (current)

Key Decisions & Impact

Sold Kering Beaute to L'Oreal for ~$4.52 billion (EUR 4 billion), sold a majority of the Via Monte Napoleone property in Milan, accelerated store closures and launched the ReconKering transformation plan in April 2026.

Legacy

Former Renault CEO who took over Kering on September 15, 2025. Under his leadership net debt fell from ~$9.04 billion (EUR 8.0 billion) to ~$3.73 billion (EUR 3.3 billion) by June 2026 and comparable revenue returned to growth in H1 2026.

Francesca Bellettini

President and CEO, Gucci

2025 – Present

1 year (current)

Key Decisions & Impact

Bellettini orchestrated the absolute meteoric, unprecedented turnaround of Yves Saint Laurent, aggressively expanding its highly lucrative leather goods and handbag divisions to triple the brand's revenue.

Legacy

Appointed Deputy CEO of Kering in 2023, she is widely considered one of the most powerful executives in global fashion, tasked with fixing the severe revenue collapse at Kering's crown jewel, Gucci.

François-Henri Pinault

Chairman of the Board

2005 – Present

21 years (current)

Legacy

Chief executive from 2005 to September 2025 and chairman since 2005. He led the sale of PPR's retail businesses, the Puma spin-off, the 2013 rename to Kering and the acquisitions of Creed and a 30% stake in Valentino in 2023.

Serge Weinberg

Chairman of the Management Board

1995 – 2005

10 years

Key Decisions & Impact

Weinberg became chief executive of Pinault-Printemps-Redoute in 1995.

Legacy

He led the 1999 investment in Gucci that began the move into luxury. Francois-Henri Pinault succeeded him in 2005.

Challenges & Strategic Context

Kering's biggest challenge is Gucci. The house produced ~$6.77 billion (EUR 5.992 billion) of revenue in 2025, about 41% of the group, after a 22% reported decline, and it was still down 5% on a comparable basis in H1 2026. Its earlier logo-heavy, maximalist look fell out of favor as wealthy shoppers moved toward quieter luxury, and the short Sabato De Sarno era (2023-2025) did not reverse the trend. Demna, appointed artistic director in March 2025, and CEO Francesca Bellettini now own that turnaround. Other pressures: mainland China remained challenging in 2026; the Middle East crisis cut about 1 point from group growth in Q2 2026; Balenciaga is going through its own creative transition after Demna's move; and entry-level aspirational buyers have become more price-sensitive. Kering also still carries large lease commitments and needs to keep closing weaker stores without hurting brand visibility.

Kering CEO and Leadership FAQ

Who has served as the long-time Chairman and CEO of Kering?

François-Henri Pinault has served as Chairman and CEO of Kering since 2005. He orchestrated the historic transformation of the company from a diversified retail and distribution conglomerate into a pure-play global luxury group, renaming the enterprise Kering in 2013.

What major strategic pivot did François-Henri Pinault lead at Kering?

François-Henri Pinault executed a radical corporate restructuring, divesting large non-luxury retail assets (including retail chain Conforama, department store Printemps, bookstore chain Fnac, and sportswear brand Puma) to focus exclusively on high-margin luxury fashion, jewelry, and accessories.

Who founded the company and served as its first chief executive?

François Pinault, father of François-Henri Pinault, founded the company in 1963 as Établissements Pinault. He served as chief executive and chairman for over four decades, growing it from a regional timber trading business into a strong French corporate leader through bold acquisitions.

How did Kering manage executive and creative leadership changes at Gucci?

Kering has navigated multiple leadership eras at Gucci: from the transformative Tom Ford and Domenico De Sole era in the 1990s, to the rapid romantic renaissance under CEO Marco Bizzarri and Creative Director Alessandro Michele (2015 to 2022), to subsequent leadership appointments aimed at timeless elegance.

Who leads Saint Laurent (Yves Saint Laurent) within Kering's leadership hierarchy?

Francesca Bellettini has served as the celebrated Chief Executive Officer of Yves Saint Laurent since 2013, partnering with Creative Director Anthony Vaccarello to grow YSL into a €3+ billion luxury leader, leading to her promotion as Kering Deputy CEO in charge of brand development.

Who was appointed to lead Kering Beauté as Chief Executive Officer?

Raffaella Cornaggia was appointed Chief Executive Officer of Kering Beauté in early 2023. A veteran luxury beauty executive with extensive leadership experience at Estée Lauder Companies and L'Oréal, she oversees group fragrance strategy and the integration of Creed.

Who founded Kering Eyewear and serves as its chief executive?

Roberto Vedovotto founded Kering Eyewear in 2014 alongside François-Henri Pinault and has served as its President and CEO since inception, building the subsidiary from a startup concept into a business generating over $1.69 billion (€1.5 billion) in annual revenue.

What governance structure does the Pinault family maintain at Kering?

The Pinault family exercises governance control through Artémis, holding over 41% of share capital and approximately 58% of voting rights, ensuring stable long-term strategic oversight, board leadership, and clear executive succession planning.

Who is the CEO of Kering?

François-Henri Pinault serves as CEO (and is the son of the founder). Taking over in 2005, he executed a massive, highly brilliant corporate restructuring. He ruthlessly sold off the company's traditional retail assets (like Puma and the Printemps department stores) to focus the entire conglomerate exclusively on ultra-high-margin luxury fashion, renaming the company "Kering" in 2013.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.