Kering has announced the reclassification of Kering Beauté as discontinued operations in its consolidated financial statements, following an agreement with L?Oréal for the sale of Kering Beauté. This reclassification is in accordance with IFRS 5 and will be effective as of December 31, 2025. The financial contributions of Kering Beauté will be isolated and presented separately within net income from discontinued operations.
Comparative periods will be restated to ensure consistency across reporting periods, and the Group?s financial indicators will be presented excluding Kering Beauté, under continuing operations. The restated financial indicators for Kering Beauté show a revenue of ?148 million for H1 2025 and ?320 million for 2024, with recurring operating income of ?49 million for H1 2025 and ?114 million for 2024. The detailed financial information will be included in the 2025 Financial Document to be published on February 10, 2026.
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté.
By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. It captures these beliefs in its signature: Empowering Imagination.
In 2024, Kering had 46,930 employees and restated revenue of EUR 17.2 billion.
At the end of 2024, the Group had a network of 1,813 stores under its own management, located primarily in Western Europe (379), North America (329), Japan (241), and in emerging countries (708).
Net sales are distributed geographically as follows: Western Europe (29%), Japan (8.3%), Asia/Pacific (30.4%), North America (23.8%) and other (8.5%).
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