Meet the French billionaire who owns Christie's and founded the luxury giant behind Gucci and Balenciaga
. As the owner of Kering luxury group, his family manages over a dozen high-end brands.
Pinault grew up in the rural French countryside, beginning his career working for his family's timber business. After establishing his own company in Rennes, he slowly moved into the retail market, before shifting solely to the luxuryNow under his son's direction, the company continues to flourish, especially with rocketing sales for both Gucci and
. Gucci was Pinault's first fashion house purchase, and remains one the mogul's most important business deals to date. The acquisition was hard-fought in a battle between rival French billionaire and luxury brand owner Bernard Arnault.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why these Gucci clothes are racistGucci, Prada, Moncler, Katy Perry Collections, and Burberry are just some of the brands that have released racially insensitive products recently.
Read more »
BlackRock’s $12 Billion Bid to Become a Private-Equity Giant Is Behind ScheduleBlackRock last year set a goal of raising at least $12 billion to buy and hold long-term stakes in companies. The world’s biggest money manager is still waiting for its first check.
Read more »
Meet the Wertheimers, the secretive French brothers worth $42 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorsesAlain and Gerard Wertheimer control Chanel and have a collective net worth of $40 billion. The secretive brothers rarely grant intervies.
Read more »
The Crazy History Of Billionaire Stewart Rahr, Trump’s Alleged Straw Man Art BidderForbes readers may know him as “Stewie Rah Rah Number One King Of All Fun.”
Read more »
The Crazy History Of Billionaire Stewart Rahr, Trump’s Alleged Straw Man Art BidderForbes readers may know him as “Stewie Rah Rah Number One King Of All Fun.”
Read more »
French tax on internet giants could yield 500 million euros per year: Le MaireA three percent tax on the French revenue of large internet companies could yiel...
Read more »
Here's How Dairy Giant Dean Foods Curdled Its Own MilkIn what may be an unraveling spurred by years-ago actions, dairy giant Dean Foods is looking at 'strategic alternatives,' including the possible sale of the company.
Read more »