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France, United States
Short sellers make beeline for Kering

The luxury group owned by the Pinault family has already seen two hedge funds shorting its stock, and a third investor has now entered the fray. [...]

Published on 01/05/2025 at 05:00 GMT Reading time 2 minutes Philippe Vasset

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Houses

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D.E. Shaw
Eric Schmidt
ExodusPoint Capital Management
Gucci
Hyung Lee
Kering
Marshall Wace
Michael Gelband
Millennium Management
Pinault

France
Pinault family tightens grip on Giambattista Valli by covering its heavy losses

The Italian fashion house's cumulative losses stood at several tens of millions of euros at the start of this year. By discreetly covering them in late January, the Pinault family has become the majority shareholder in the company by quite some distance.

Subscribers only Families 22.05.2025

Front Row | France
Kering's 'independent' director Serge Weinberg has longstanding company ties

Despite Kering posting some poor results of late, its management team has proved remarkably resistant to change. At its AGM on 24 April, it extended the term of ex-BNP Paribas boss Baudouin Protis, who has been sitting on its board since 1998.

Subscribers only Houses 01.05.2025

Serge Weinberg, designated by Kering as an independent director despite his close Pinault empire connections.

France, United Kingdom
Short sellers target Kering

Two major hedge funds are shorting the group that owns Gucci and Saint Laurent which has seen its share price tumble from €346 to €164 over the course of a year.

Subscribers only Houses 24.04.2025

China, United States
The truth behind the TikTok campaign exposing luxury sector's 'Made in China' secrets

With the US and China locked in an escalating tariff war, social media has been awash with videos purporting to reveal the Chinese subcontractors behind some of the West's best-loved luxury brands. A highly coordinated influence campaign?

Subscribers only Entourage 17.04.2025

France
Pinault family treats news journalists to cut-price Courrèges clothes

Reporters at Le Point news magazine have been cordially invited by the holding company of the Pinault family, which owns the magazine and Kering, to sales reserved for the staff of Courrèges, which it also owns.

Subscribers only Families 27.03.2025

Spotlight | France
Inheritance battle could rock Gucci flagship on Avenue Montaigne

While it awaits the opening of its Paris megastore on Rue St Honoré, the Kering group's flagship brand continues to rely on its Avenue Montaigne store, for which it pays a remarkably low rent. But the owners of the building, one of the best spots in Paris's Golden Triangle, are at each other's throats.

Subscribers only Families 20.03.2025

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D.E. Shaw
Eric Schmidt
ExodusPoint Capital Management
Gucci
Hyung Lee
Kering
Marshall Wace
Michael Gelband
Millennium Management
Pinault

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France, United States
Short sellers make beeline for Kering

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

France
Pinault family tightens grip on Giambattista Valli by covering its heavy losses

Front Row | France
Kering's 'independent' director Serge Weinberg has longstanding company ties

France, United Kingdom
Short sellers target Kering

China, United States
The truth behind the TikTok campaign exposing luxury sector's 'Made in China' secrets

France
Pinault family treats news journalists to cut-price Courrèges clothes

Spotlight | France
Inheritance battle could rock Gucci flagship on Avenue Montaigne

Set up email notifications for these topics

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Indigo Publications' websites

About Glitz

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Indigo Publications' websites

Jewellery sector's quest for clarity

Brands brave the Wild West of the second-hand market

Jacquemus, season 2

France, United States Short sellers make beeline for Kering

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

France Pinault family tightens grip on Giambattista Valli by covering its heavy losses

Front Row | France Kering's 'independent' director Serge Weinberg has longstanding company ties

France, United Kingdom Short sellers target Kering

China, United States The truth behind the TikTok campaign exposing luxury sector's 'Made in China' secrets

France Pinault family treats news journalists to cut-price Courrèges clothes

Spotlight | France Inheritance battle could rock Gucci flagship on Avenue Montaigne

Set up email notifications for these topics

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

France, United States
Short sellers make beeline for Kering

France
Pinault family tightens grip on Giambattista Valli by covering its heavy losses

Front Row | France
Kering's 'independent' director Serge Weinberg has longstanding company ties

France, United Kingdom
Short sellers target Kering

China, United States
The truth behind the TikTok campaign exposing luxury sector's 'Made in China' secrets

France
Pinault family treats news journalists to cut-price Courrèges clothes

Spotlight | France
Inheritance battle could rock Gucci flagship on Avenue Montaigne