Sustainable Brand Benchmark - Kering
By CommonShare
Kering Company Profile
Kering is a renowned global luxury group that boasts a diverse portfolio of iconic and dynamic houses in the realms of fashion, leather goods, and jewelry. Established in 1962, Kering has evolved into a multinational corporation specializing in luxury goods, with a rich history of growth and transformation.
Key Figures
- Founder: François Pinault
- CEO: François-Henri Pinault
- Headquarters: Paris, France
- Revenue: €13.1 billion (as of 2019)
- Operating Income: €3.13 billion (as of 2019)
- Net Income: €1.97 billion (as of 2020)
- Total Assets: €27.148 billion (as of 2020)
- Total Equity: €12.035 billion (as of 2020)
- Number of Employees: 38,000 (as of 2019)
Brand Portfolio
Kering's impressive collection of luxury brands includes:
- Gucci: The flagship brand, contributing over 50% of Kering's revenue.
- Yves Saint Laurent: A pioneer in modern fashion.
- Bottega Veneta: Renowned for its exquisite leather craftsmanship.
- Balenciaga: A leader in contemporary fashion innovation.
- Alexander McQueen: Celebrated for its bold and artistic designs.
- Boucheron: A brand synonymous with luxurious jewelry.
Governance and Ownership
- Board of Directors: Sets strategic priorities.
- Executive Committee: Implements the Group’s strategy.
- Share Capital: 42% owned by Artémis, the holding company of the Pinault family, with the remainder held by institutional, individual, and employee shareholders.
Historical Milestones
- 1962: Establishment of the timber-trading company Pinault S.A.
- 1988: Listing on the Paris Stock Exchange.
- 1994: Transformation into the retail conglomerate Pinault-Printemps-Redoute (PPR).
- 2013: Rebranding to Kering, focusing on luxury goods.
Social Responsibility
Kering is committed to social and environmental responsibility, demonstrated through initiatives like the Kering Foundation, which supports social entrepreneurs and awareness-raising programs.
Overall Rating
2.6
Undistinguished
Credibility
How credible are the sustainability claims of the retailer/brand.
Commitment
Commitment of the retailer/brand to sustainability.
Accessibility
How easy is it to find the retailer’s/brand’s sustainable products.
Relevance to Mainstreaming Sustainability
Market share of the retailer/brand within the industry it operates in.
Traceability
Level of visibility of the retailer/brand over its supply chain.