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Kering Brands
Kering () is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963, by François Pinault. After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994, and the luxury group Kering in 2013. The group has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been president and CEO of Kering since 2005. In 2020, the group's revenue reached €13.1 billion. History From timber trading to retail In 1963, with a loan from his family and a bank, François Pinault opened the ''Établissements Pinault'' in Brittany (France) specialized in timber trading. The company became Pinault S.A. and grew organically and through acquisitions. In 1988, Pinault S.A. was listed on the Paris Stock Exchange. In 1989, Pinault S.A. purchased ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism T ...
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Groupe Artémis
Groupe Artémis S.A. is a holding company with a portfolio of investments in fashion, wine, luxury, art, tourism, publishing, sports, food, and technology. Headquartered in Paris, France, Groupe Artémis was founded by François Pinault in 1992 as a family investment vehicle. History In 1992, the French entrepreneur François Pinault transferred his majority stake in Pinault-Printemps-Redoute (PPR, renamed Kering in 2013) to his new company, Groupe Artémis, created as a family investment vehicle. Throughout the 1990s, he engaged in a series of prestigious acquisitions. The 1993 Château Latour acquisition was the first of a series under the Artémis Domaines label. Artémis acquired the winery René Engel (Vosne-Romanée, renamed Domaine d'Eugénie) in 2006, the Château Grillet ( Condrieu AOC) in 2011, 1/10 of an acre of the Grand Cru Le Montrachet vineyard from Château de Puligny-Montrachet in 2012, the Napa Valley Araujo Estate Wines (Calistoga, renamed Eisele Vineya ...
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Stella McCartney
Stella Nina McCartney (born 13 September 1971) is an English fashion designer. She is a daughter of British singer-songwriter Paul McCartney and the late American photographer and animals rights activist Linda McCartney. Like her parents, McCartney is a firm supporter of animal rights, environmentalism, and is particularly known for her use of vegetarian and animal-free alternatives in her work. Early life McCartney was born on 13 September 1971 at King's College Hospital in Camberwell, London. She is named after her maternal great-grandmothers (both of Linda's grandmothers were named Stella). Her mother, Linda Eastman McCartney, was of Jewish ancestry. As a girl, McCartney travelled the globe with her parents and their group Wings, along with her siblings: older half-sister Heather (who was legally adopted by Paul), older sister Mary, and younger brother James. According to her father, the name of Wings was inspired by Stella's difficult delivery. As his daughter was bein ...
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Alexander McQueen
Lee Alexander McQueen CBE (17 March 1969 – 11 February 2010) was a British fashion designer and couturier. He founded his own Alexander McQueen label in 1992, and was chief designer at Givenchy from 1996 to 2001. His achievements in fashion earned him four British Designer of the Year awards (1996, 1997, 2001 and 2003), as well as the CFDA's International Designer of the Year award in 2003. McQueen died from suicide in 2010 at the age of 40, at his home in Mayfair, London, shortly after the death of his mother. McQueen had a background in tailoring before he studied fashion and embarked on a career as a designer. His MA graduation collection caught the attention of fashion editor Isabella Blow, who became his patron. McQueen's early designs, particularly the radically low-cut "bumster" trousers, gained him recognition as an ''enfant terrible'' in British fashion. In 2000, McQueen sold 51% of his company to the Gucci Group, which established boutiques for his label worldw ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize a ...
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Gucci Group
Gucci (, ; ) is an Italian high-end Luxury goods, luxury fashion house based in Florence, Italy. Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty Inc., Coty, Inc. for fragrance and cosmetics under the name Gucci Beauty. Gucci was founded in 1921 by Guccio Gucci (1881–1953) in Florence, Tuscany. Under the direction of Aldo Gucci (son of Guccio), Gucci became a worldwide-known brand, an icon of the Italian ''Dolce Vita''. Following family feuds during the 1980s, the Gucci family was entirely ousted from the capital of the company by 1993. After this crisis, the brand was revived with a provocative 'Porno Chic' props. In 1999, Gucci was acquired by the French conglomerate Pinault Printemps Redoute, which later became Kering. During the 2010s, Gucci became an iconic 'geek-chic' brand. In 2019, Gucci operated 487 stores for 17,157 employees, and generated €9.628 billion in sales (€8.2 ...
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Fnac
Fnac () is a large French retail chain selling culture, cultural and consumer electronics, electronic products, founded by André Essel and Max Théret in 1954. Its head office is in ''Le Flavia'' in Ivry-sur-Seine near Paris. It is an abbreviation of Fédération Nationale d’Achats des Cadres ("National Purchasing Federation for Cadre (politics), Cadres"). It merged with Darty in 2016 to become Groupe Fnac Darty. Core values The company's founders were André Essel and Max Théret. Fnac was founded in 1954. Fnac holds "forums" throughout the year, which are opportunities for customers to have dialogue with people such as Pedro Almodóvar, George Lucas, and David Cronenberg, discussions with authors including Paul Auster, Pierre Bourdieu, and Françoise Giroud in addition to concerts. Musicians playing in these concerts have included Yann Tiersen, Ben Harper, Keane (band), Keane and David Bowie. Each year a "book fair" is held with discussions among writers, politicians and th ...
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La Redoute
La Redoute is a French multi channel retailer founded by Joseph Pollet in 1837. La Redoute specialises in ready to wear apparel and home decor, La Redoute is the 2nd largest seller of women's apparel and the 3rd largest seller of linens in France. Its e-commerce site www.laredoute.com is the top ranked French site for apparel and home decor, with more than 7 million unique visitors each month. The company operates in 26 countries and has more than 10 million active customers. A former subsidiary of Redcats Group, (formerly LaRedoute Group), itself part of Kering Group (formerly Pinault- Printemps-Redoute or PPR) since 1994, La Redoute was sold to its managers, Nathalie Balla and Eric Courteille, in June 2014. History La Redoute was founded in 1837 when Joseph Pollet, son of a rural family, moved to the capital of the French wool region, Roubaix. There he opened the first worsted spinning operation, inventing a number of processes. His son, Charles, took up the torch and, ...
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Printemps
Printemps (; meaning " springtime" in French) is a French department store chain (french: grand magasin, links=no, literally "big store"). The Printemps stores focus on beauty, lifestyle, fashion, accessories, and men's wear. The Printemps was a founder and has been a member of the International Association of department stores from 1928 to 1997, an international body still active as of today. The flagship Printemps store is located on Boulevard Haussmann in the 9th arrondissement of Paris, along with other well-known department stores like Galeries Lafayette. There are other Printemps stores in Paris and throughout France. Early history (1865-1940) Printemps was founded on the 3rd of November, 1865 by Jules Jaluzot and Jean-Alfred Duclos. The original store was designed by noted architects Jules and Paul Sédille and opened at the corner of Le Havre and Boulevard Haussmann in Paris, France, on 3 November 1865. The building was greatly expanded in 1874, and elevators (then ...
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Conforama
Conforama is Europe's second-largest home furnishings retail chain with over 200 stores in France, Spain, Switzerland, Portugal, Luxembourg, Italy, and Croatia. History and ownership In the early 1960s, Pierre and Guy Sordoillet, Jean Moll and Jacques Ragageot, supported by furniture dealers in the North and a Bordeaux manufacturer, Charles Minvielle, created a "Carrefour of furniture" by testing a discount formula in the outbuildings of an old farm in the suburbs of Lyon. In 1967, the first Conforama was opened in Saint-Priest, Rhône in a 2,500-square-metre industrial building. In 1976, Conforama was acquired by Agache-Willot. In 1981, the financial holding company experienced serious legal difficulties, and in 1991, Conforama was acquired by Pinault SA. Conforama set up its first commercial website in 1998. In March 2011, Conforama was sold by PPR to Steinhoff International, for a consideration of €1.2 billion. In March 2016, Darty announced it had agreed to ...
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Paris Stock Exchange
Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon, and Brussels exchanges in September 2000 to form Euronext NV. As of 2022, the 795 companies listed had a combined market capitalization of over US$4.5 trillion. Euronext Paris, the French branch of Euronext, is Europe's second-largest stock exchange market, behind the London Stock Exchange. History In the early 19th century, the Paris Bourse's activities found a stable location at the ''Palais Brongniart'', or ''Palais de la Bourse'', built to the designs of architect Alexandre-Théodore Brongniart from 1808 to 1813 and completed by Éloi Labarre from 1813 to 1826.Ayers 2004, pp. 61–62. Brongniart had spontaneously submitted his project, which was a rectangular neoclassical Roman temple with a giant Corinthian colonnade enclosing a vaulted and arcaded central chamber. His designs were greatly admired by Napoleon and won Brongniart a major public ...
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