ker industry retailing founded 1963 ; 53 years ago 1963 founder fran ois pinault headquarters paris france key people fran ois henri pinault chairman and ceo 1 products luxury goods sporting goods revenue 10.038 billion 2014 2 operating income 1.664 billion 2014 2 profit 1.177 billion 2012 2 total assets 24.69 billion 2010 total equity 17.764 billion 2012 3 number of employees 33 000 2012 4 subsidiaries alexander mcqueen balenciaga bottega veneta boucheron brioni christopher kane fnac girard perregaux gucci jeanrichard mcq pomellato dodo qeelin saint laurent paris sergio rossi stella mccartney tomas maier ulysse nardin puma volcom electric tretorn cobra puma sport website kering.com kering previously ppr is the french luxury goods holding company owner of alexander mcqueen balenciaga brioni gucci puma volcom saint laurent paris and other luxury sport & lifestyle brands distributed in 120 countries . the company was founded in 1963 by businessman fran ois pinault and is now run by his son fran ois henri pinault . it is quoted on euronext paris and is a constituent of the cac 40 index . on 22 march 2013 pinault announced that the group would rename itself as kering and was approved by shareholders on 18 june 2013 . 5 6 contents 1 history 1.1 wood trade negotiation the group s origins 1.2 a diversification towards retail and its shift towards apparel & accessories 1.3 progressive repositioning on luxury and sport & lifestyle 1.4 renaming to kering 2 organization january 2012 2.1 brands 2.2 board of directors 2.3 executive committee 3 financial and market data 3.1 financial data 3.2 market data 4 commitments 4.1 sustainability 4.2 kering foundation 5 see also 6 references 7 external links history edit wood trade negotiation the group s origins edit on 2 june 1962 fran ois pinault officially opened the etablissements pinault first specialized in in timber trade and then in construction material distribution . originally a company from brittany it grew organically and thanks to successive acquisitions it became recognized nationally . pinault sa was listed in the unlisted securities market of the paris stock exchange in 1988 . a diversification towards retail and its shift towards apparel & accessories edit in march 1990 fran ois pinault was elected president of cfao which specialized in electrical material distribution and negotiation in africa . in april 1991 pinault sa entered the retail distribution market with the takeover of conforama . in 1992 the group sold the compagnie industrielle d ameublement kitchen furniture of ordo office furniture and isoroy wood panel makers . the same year the pinault printemps group was born out of the au printemps sa takeover which owned 54 % of la redoute and finaref . in 1993 the armand thierry company bought by le printemps was sold . disco food industry retailer was also sold . logo of the company pinault printemps redoute ppr . in 1994 la redoute was absorbed by pinault printemps and renamed pinault printemps redoute . in july the group took control of the fnac a french book music and tech retailer . in 1995 the group launched its first online store www.laredoute.fr . in 1996 cfao bought scoa the main pharmaceutical distributor in west africa . the same year ppr created orcanta a lingerie distributor . over the following years ppr continued to develop its activities in the retail and home shopping sectors . in 1997 redcats ppr s home shopping retailer built around la redoute took control of ellos scandinavia s home shopping leader . the same year fnac created fnac junior a concept store which targets young people under 12 . in 1998 ppr continued its acquisitions in the home shopping sector redcats acquired 49.9 % of brylane a home shopping company in the united states . ppr also took control of guilbert specialized in office furniture retailing . in 1999 fnac launched its online store www.fnac.com in 2002 ppr sold facet the subsidiary company of conforama s private card to bnp paribas and then sold finaref its financial services subsidiary to cr dit agricole . the same year guilbert s home shopping activities were sold to staples and the following year its office furniture negotiation activities were sold to office depot . in 2003 ppr sold its pinault bois et mat riaux company to the british group wolseley . after symbolizing the very first step of the group in the wood trade sector and becoming a famous french retailer in wood material construction import and transformation pinault bois was sold for 565 million euros . in 2004 ppr sold the electrical material manufacturer rexel . after a public bid pinault printemps redoute increased its shares to 99.4 % of gucci group s capital . at its general assembly held on may 18 2005 pinault printemps redoute simplified its name to ppr after having sold its distribution activities from 2002 to 2004 . serge wienberg left the group and fran ois henri pinault was named ceo . in 2006 ppr made several transactions for example the sale of 51 % of france printemps with brands such as made in sport and citadium to rreef and the borletti group . it also sold the lingerie company orcanta to chantelle . the group s acquisitions included redcats which comprised la redoute and many other home shopping companies buying of the sportman s guide inc. in 2007 ppr acquired a 62.1 % share of puma making its entrance into the sport & lifestyle sector . progressive repositioning on luxury and sport & lifestyle edit ppr first invested in the luxury sector in 1999 with a 42 % acquisition of gucci group nv . more acquisitions followed to build a stronger luxury identity for the group yves saint laurent now saint laurent paris ysl beauty and sergio rossi . in 2000 the group acquired the jeweller boucheron and the watchmaker bedat & cie. in 2001 more luxury brand acquisitions followed gucci group bought bottega veneta and balenciaga and signed partnership deals with stella mccartney and alexander mcqueen . between 2001 and 2004 ppr reinforced its capital participation in gucci group . after a public bid pinault printemps redoute eventually increased its share to 99 4 % of gucci group s capital . in 2008 ppr sold ysl beaut the fragrances and cosmetics branch of yves saint laurent to l or al for 1.15 billion euros . in 2009 they sold b dat & co to luxury concepts watches & jewellery sdn bhd a malaysia based brand management company . in july 2011 ppr took control of the suiss watchmaker girard perregaux . in november 2011 ppr acquired the luxury menswear house brioni . 7 in december 2012 ppr sa bought a majority stake in chinese jeweler qeelin reinforcing its presence in china . 8 in august 2012 ppr announced its new joint venture with the online retail specialist yoox to administrate the e commerce operations of most of its luxury brands . 9 in january 2013 ppr and christopher kane signed a partnership . ppr acquired 51 % of the company s shares . 10 the same year ppr acquired the italian pomellato group including two brands pomellato and dodo . acquisition of a majority stake in the italian pomellato group . 11 in september 2013 kering announced its minority stake in the brand of new york designer joseph altuzarra . 12 on 3 may 2011 the group launched a friendly bid for volcom 13 a company specialized in action sports . august 2014 kering bought 100 % of ulysse nardin a luxury watch manufacturer based in le locle switzerland . renaming to kering edit on march 22 2013 fhp suggested the name kering to highlight the company s focus on its luxury and sport lifestyle divisions ; it is pronounced the same as caring but also plays with the origins of the business in the brittany region of france . in breton language ker means home or place to live . the new logo has an owl as its emblem an animal which signifies wisdom . kering is a name with meaning a name that expresses both our purpose and our corporate vision . strengthened by this new identity we shall continue to serve our brands to liberate their potential for growth 5 said ceo fran ois henri pinault . organization january 2012 edit brands edit kering is made up of 2 divisions luxury and sports & lifestyle . in 2014 the brands of the group are the following the luxury division comprising brands which design make and sell luxury products especially in the leather good shoe ready to wear watches and jewellery sectors . the brands are gucci 100 % share saint laurent paris 100 % share boucheron 100 % share bottega veneta 100 % share balenciaga 100 % share stella mccartney 50 % share alexander mcqueen 51 % share brioni 100 % share sowind group 51 % share with girard perregaux and jeanrichard qeelin pomellato group with pomellato and dodo christopher kane 51 % share and tomas maier ulysse nardin 100 % share . the sport & lifestyle division comprises puma 86 % share cobra golf golf equipment specialist volcom action sport brand ; 100 % share board of directors edit fran ois pinault honorary chairman fran ois henri pinault chairman and ceo jean fran ois palus deputy ceo cfo patricia barbizet vice chair of the board of directors baudouin prot director philippe lagayette director caroline puel director the independent directors are aditya mittal luca cordero di montezemolo jean philippe thierry jean pierre denis laurence boone yseulys costes executive committee edit fran ois henri pinault chairman and ceo jean fran ois palus group managing director jean marc duplaix cfo alexis babeau managing director kering luxury division bel n essioux trujillo senior vice president human resources kering marco bizzarri president and chief executive officer of gucci bj rn gulden chief executive officer puma se louise beveridge head of corporate communication marie claire daveu chief sustainability officer and head of institutional affairs source www.kering.com financial and market data edit financial data edit financial data in euro millions year 2006 2007 14 2008 14 2009 14 2010 15 2011 16 2012 17 2013 18 sales 17 931 17 761 20 201 16 525 11 008 12 227 9 736 9 748 ebitda 1 540 2 096 2 140 1 790 1 649 1 911 2 067 1 750 net result share of the group 680 1 058 924 985 965 986 1 048 50 net debt 3 461 6 121 5 510 4 367 4 000 3 395 2 491 3 443 sales which affected the group with the associated key dates 2006 sale of le printemps 2007 acquisition of puma 2008 selling of ysl beaut 2009 sale of cfao 2010 sale of conforama 2012 launch of the demerger and flotation of fnac and the closing process of redcats affiliates 2013 la redoute disposal 19 kering complies with the msi 20000 financial standards . market data edit date of ipo 25 october 1988 second march shares listed on the bourse de paris member of the cac 40 index since 9 february 1995 nominal value euro main shareholders art mis 40.8 % market data at 31 december years 2007 2008 20 2009 20 2010 21 2011 22 2012 17 number of shares in millions 128 128.4 126.5 126.8 127 126.2 market capitalizations in millions of euros 14089 5897 10 661 15 093 14 034 17 764 number of daily transactions 692 022 1 116 420 701 105 453 415 385 265 317 960 commitments edit sustainability edit sustainability has been at the heart of kering s strategy and the group s actions for over a decade . in april 2012 fran ois henri pinault publicly announced a set of quantifiable targets covering both environmental and social aspects for the group to achieve by 2016 . 23 additionally kering has developed an innovative tool called the environmental profit & loss account e p & l . pioneered