Kering appoints Grégory Boutté as Chief Client and Digital Officer

London, 2017-Dec-04 — /EPR Retail News/ — Kering announces the appointment of Grégory Boutté as Chief Client and Digital Officer, effective today. He will report directly to Jean-François Palus, Managing director of Kering, and will be a member of the Group’s Executive Committee.

His responsabilities as Kering’s Chief Client and Digital Officer will be to lead the Group’s digital transformation and to drive the development of e-commerce, CRM and data management.

About Gregory Boutte 
Grégory Boutté, 45, began his career in fast-moving consumer goods, working in brand management at Procter & Gamble in Paris before moving to the tech sector, joining the French online auction start-up iBazar in 2000, which was acquired by eBay in 2001. He then became General Manager of eBay France, which quickly became one of the most popular e-commerce platforms in France. He went on to manage eBay Europe (excl. UK and Germany) in 2007 before moving to eBay Motors and Electronics divisions in San Jose, California in 2010. In 2013, Grégory Boutté joined Sidecar, the first short-distance, peer-to-peer ride-sharing platform which was bought by General Motors in 2016. In 2015, Gregory joined Udemy, a start-up which provides 15 million students the opportunity to take online courses.

Grégory Boutté is a graduate of ESCP Europe.

About Kering 
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts:

Press:
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Analysts/investors:
Claire Roblet
+ 33 (0)1 45 64 61 49
claire.roblet@kering.com

Laura Levy
+33 (0)1 45 64 60 45
laura.levy@kering.com

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup

Source: Kering

Kering again the Industry Leader in the 2017 Dow Jones Sustainability Index – ‘Textiles, Apparel & Luxury Goods’ sector

London, 2017-Sep-20 — /EPR Retail News/ — Kering has been recognised for the 3rd time as the Industry Leader in the 2017 Dow Jones Sustainability Index (DJSI) in the ‘Textiles, Apparel & Luxury Goods’ sector. Considered as the standard for measuring corporate sustainability, the DJSI awarded Kering the top score overall for its environmental and social performance in its sector, following a comprehensive assessment against 23 criteria across 3 categories, and compared to its sector and Luxury peers.

Kering’s efforts to embed sustainability across its entire supply chain and the progressive targets linked to the Group’s new 2025 sustainability strategy have translated into industry-leading results. Kering’s leadership was particularly highlighted in its achievement of ‘Industry Best’ scores within the Economic, Environmental and Social Dimension categories, including the areas of: Product Stewardship, Operational Eco-Efficiency, Labour Practice Indicators, Brand Management, Human Capital Development and Stakeholder Engagement.

“To be included again as the ‘Industry Leader’ in the DJSI annual ranking is an honour and a testament to our long-time commitment and continued efforts to set the highest standards of best practices in Luxury,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs of Kering. “I am particularly proud that this year we received the top score overall in Product Stewardship, which reflects the strides we have been making on eco-design, material recycling and regeneration, and innovation.”

The DJSI is the gold standard for corporate sustainability and tracks the leading sustainability-driven companies based on RobecoSAM’s analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI’s robust index methodology. The DJSI’s ESG assessment criteria achieves deeper insights into companies’ sustainability practices and, in turn, enables investors to analyse the many economic, environmental and social factors that are relevant to companies’ success.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Contacts:
Emmanuelle Picard-Deyme
+ 33 (0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com

Mich Ahern
+ 44  (0) 7984 684 454
mich.ahern@gmail.com

Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official 
YouTube: KeringGroup

Source: Kering Group

Kering appoints Patrick Pruniaux as the CEO of Swiss watchmaking house Ulysse Nardin

London, 2017-Aug-21 — /EPR Retail News/ — Kering announces the appointment of Patrick Pruniaux as the CEO of Swiss watchmaking house Ulysse Nardin, effective 28 August 2017. He will report to Albert Bensoussan, CEO of Kering Luxury – Watches and Jewellery division.

Patrick Pruniaux has many years of experience in the watchmaking industry, both at TAG Heuer, where he held various positions over a nine-year period, and at Apple, where he was involved in the launch of the Apple Watch. As CEO of Ulysse Nardin, his mission will be to accelerate the international expansion of the Swiss luxury watchmaking brand, thanks to his innovative thinking and outstanding expertise.

He replaces Patrik P. Hoffmann who, having played a key role in Ulysse Nardin’s development for many years, and ensured a seamless integration into Kering from 2014, is looking to move in a new direction for personal reasons.

Albert Bensoussan, CEO of Kering Luxury – Watches and Jewellery division commented: “I am delighted to see a talented individual such as Patrick Pruniaux join Ulysse Nardin, which once again illustrates the attractiveness of the Kering Group. His in-depth knowledge of the watchmaking sector, from product innovation to customer relations, and distribution, will be an important asset in the ongoing drive to develop this watchmaking House, building on its cutting-edge technical expertise and unique identity. I would like to thank Patrik P. Hoffmann and pay tribute to the pivotal contribution he has made to the growth and reputation of Ulysse Nardin for almost two decades.”

About Patrick Pruniaux
Patrick Pruniaux, 45, began his career in the Diageo group in 1997 in the United Kingdom and the United States, before moving to the LVMH group’s Wines & Spirits division in Miami. He was appointed International Export Director at TAG Heuer in 2005, and took on responsibility for EMEIA sales in 2009. He became TAG Heuer’s Vice President of Global Sales & Retail in 2010, and a member of the brand’s Executive Committee. He joined Apple’s Special Projects team in 2014, located in Cupertino, to help with the launch of the Apple Watch. From 2015, he was Apple’s Country Manager for the UK and Ireland and a member of Apple’s EMEA Executive Committee. Patrick Pruniaux holds an MBA from HEC Paris and is a graduate of the Stanford Graduate School of Business.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts:
Press: 
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Analysts/investors:
Claire Roblet
+ 33 (0)1 45 64 61 49
claire.roblet@kering.com

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup

Source: Kering

French luxury group Kering and Alibaba take joint enforcement actions online and offline against infringers

Landmark agreement between the luxury group home to some of the world’s most desired luxury brands and Alibaba’s e-commerce marketplaces

PARIS and HANGZHOU, China, 2017-Aug-07 — /EPR Retail News/ — French luxury group Kering, and Alibaba Group and its affiliate Ant Financial Services have come to a groundbreaking agreement to cooperate in their efforts to protect intellectual property and take joint enforcement actions online and offline against infringers in order to provide the best consumer experience and a trusted environment.

The new partnership represents a milestone in both parties’ investment and efforts to protect brands’ intellectual property rights. The companies have established a joint task force with the purpose of collaborating fully, exchanging useful information, and working closely with law enforcement bodies to take appropriate action against infringers of Kering’s brands identified with Alibaba’s advanced technology capabilities.

Kering and its brands will continue to vigorously enforce their intellectual property rights against individuals and third parties responsible for the production, distribution and sale of unauthorized materials in China and throughout the world.

This agreement reflects the parties’ firm belief that taking proactive measures and using advanced technology will help law enforcement bodies and other relevant authorities address the challenges of intellectual property infringement.

As part of the agreement, Kering has agreed to dismiss the lawsuit filed against Alibaba and Alipay, an Ant Financial subsidiary, in the US district court in New York.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Kering Contacts:
Press:
Paul Michon
+33 (0)1 45 64 63 48
paul.michon@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Analysts/investors:
Claire Roblet
+33 (0)1 45 64 61 49
claire.roblet@kering.com

Alibaba Contacts:
Brion Tingler
917-528-1992
brion.tingler@alibaba-inc.com

Bob Christie
917-860-9410
bob.christie@alibaba-inc.com

Source: Kering

Kering 1H 2017 results: consolidated revenue: €7,296.2 million, up 28.2% as reported, 26.5% on a comparable basis

London, 2017-Jul-31 — /EPR Retail News/ — First-half consolidated revenue: €7,296.2 million, up 28.2% as reported, 26.5% on a comparable basis

Luxury activities: up 29.7% as reported, 28.3% on a comparable basis Sport & Lifestyle activities: up 16.1% as reported, 14.3% on a comparable basis

Recurring operating income: €1,274.1 million, up 57.1% Sharp rise in operating margin: 17.5% Net income, Group share: up 77.6%

“Thanks to the execution of our strategy, we achieved outstanding revenue growth in the first half, clearly outperforming the sector, and delivered record profits and operating margins. These remarkable performances in all regions of the world and across all of our activities underscore Kering’s ability to innovate, create value, and gain market share. Our vision of Luxury, grounded in creative audacity and in the sincerity of our brands’ values, is more relevant than ever. This excellent first half raises our confidence in the Group’s capacity to realize another year of growth and improved operating performances.” François-Henri Pinault, Chairman and Chief Executive Officer

Record half-year performance
• Second-quarter comparable consolidated growth of 24.6% extending the strong momentum of the first quarter, up 28.6% comparable
• Significant improvement in operating margin, up 330 basis points on a comparable basis
• Two-fold increase in free cash flow from operations in the first six months, to €717.9 million

Luxury: remarkable growth in revenue and earnings 
• Sustained growth momentum at Gucci and Saint Laurent, both in revenue (up 43.4% and 28.5%, respectively, on a comparable basis) and recurring operating margin (32.0% and 23.0%, respectively)
• Solid six-month performance from Bottega Veneta, with comparable revenue up 2.0%
• Other Luxury brands up 10.1% comparable; acceleration at Balenciaga
• Recurring operating income up 49.4% to €1,254.2 million

Sport & Lifestyle: robust growth 
• Half-year revenue above the €2 billion mark for the first time ever
• Sharp growth at Puma (up 15.7% comparable) across all product categories and regions, coupled with a two-fold increase in recurring operating income
• Sport & Lifestyle recurring operating income up 128.7% to €110.0 million

Key financial indicators

Revenue for the first half of 2017 amounted to €7,296.2 million, up a sharp 28.2% as reported and 26.5% based on a comparable Group structure and exchange rates. This performance was driven by extremely strong sales growth in both mature and emerging markets, with comparable increases of 33.5% in Western Europe and 34.4% in Asia Pacific (32% and 28% of consolidated revenue, respectively). North America (21% of revenue) also posted a robust 20.7% increase in comparable revenue, while Japan (9% of revenue) continued on its growth trajectory, up 6.4%. Kering Eyewear contributed €162 million to consolidated revenue during the period, after eliminating intra-group sales and royalties paid to the brands.

Kering’s gross margin for the first half of 2017 stood at €4,725 million, up 31.2% as reported.

The Group’s recurring operating income surged 57.1% as reported to €1,274.1 million during the period. Consolidated recurring operating margin came in at 17.5%, up 330 basis points. By activity, recurring operating margin was 24.9% in Luxury and 5.3% in Sport & Lifestyle.

EBITDA(1) totalled €1,526.0 million in the first half of 2017, up 51.0% compared with the prior-year period. The EBITDA margin rose by 310 basis points on a reported basis to 20.9% in the first half of 2017.

Net income, Group share totalled €825.8 million in the first six months of 2017, up from €464.9 million in the same period of 2016. Adjusted for non-recurring items net of tax, net income from continuing operations, Group share rose 67.4% year on year to €872.3 million. Earnings per share amounted to €6.55 in the first half of 2017, up 77.5% compared with the prior-year period.

(1)EBITDA corresponds to recurring operating income plus net recurring charges to depreciation, amortisation and provisions on non-current operating assets. See figures in the consolidated financial statements in the 2017 First-Half Report.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts:
Press:
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Analysts/investors:
Claire Roblet
+33 (0)1 45 64 61 49
claire.roblet@kering.com

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering 
Instagram: @kering_official
YouTube: KeringGroup

Source: Kering

Kering achieved record performance in 1Q 2017

London, 2017-Apr-26 — /EPR Retail News/ —  “Kering achieved a record performance in the first three months of the year, posting a sharp acceleration in sales growth.  Benefitting from somewhat more favorable market conditions, our strong delivery primarily stems from meticulous execution of our strategy and the creative audacity of our Houses. In a climate of persistent geopolitical and macroeconomic uncertainties, our first quarter puts us in a particularly good position for the balance of the year.  The Group will continue to focus on organic growth and market share gains, on value creation and ongoing operational and financial discipline.” François-Henri Pinault, Chairman and Chief Executive Officer

Sharp acceleration in growth across the Group
• First-quarter 2017 revenue totalling €3,573.5 million
• Major sequential increase driven by double-digit growth across all activities and all geographic regions excluding Japan

Luxury activities: all Houses delivering remarkable performances
• Record growth at Gucci, whose creative universe is drawing ever increasing enthusiasm
• Sustained growth trajectory for Yves Saint Laurent
• Positive trends at Bottega Veneta and in the Other Luxury brands; marked sales acceleration at Balenciaga

Sport & Lifestyle activities: excellent start to the year
• Puma revenue up 17.9% year on year as reported and 15.3% on a comparable basis; all product categories contributing to the brand’s ongoing growth momentum

LUXURY ACTIVITIES: EXCELLENT PERFORMANCES
Revenue generated by Luxury activities totalled €2,417.1 million in the first quarter of 2017, up by a sharp 34.0% as reported and 31.6% on a comparable basis, against a favourable base of comparison.

Sales growth in the Group’s directly operated store network was particularly high, at 36.6% on a comparable basis, driven by remarkable performances in Western Europe and the Asia Pacific region, which reported retail sales increases on a comparable basis of 49.9% and 46.7%, respectively.  Growth in retail sales was also significant in North America and the Rest of the world, up 29.7% and 28.1%, respectively, on a comparable basis. Online sales leapt 60.1% on a comparable basis, underscoring the success of the digital strategies implemented by Kering’s Luxury Houses.

Wholesale revenue climbed 20.2% on a comparable basis.

Gucci – Outstanding growth performance

The particularly remarkable growth reported by Gucci in the first quarter of 2017 demonstrates the resounding success of the brand’s creative reinvention and the exceptional skill with which its strategy has been implemented. Revenue shot up by 51.4% as reported and 48.3% on a comparable basis, with all regions and product categories contributing to the overall rise.

Sales in directly operated stores were up 51.4% on a comparable basis, with especially sharp increases in Western Europe (up 66.4% on a comparable basis) and the Asia Pacific region (up 63.1% on a comparable basis).

Gucci’s collections once again proved extremely popular during the period, with double-digit growth for all product categories and ever-increasing demand for Ready-to-Wear and Shoes. Leather Goods also experienced excellent momentum, reflecting Gucci’s talent in creating iconic models and successfully renewing them season after season.

Bottega Veneta – Improving trends

Bottega Veneta’s revenue was up 4.7% as reported and 2.3% on a comparable basis, marking an upturn for the brand against a backdrop of more favourable market conditions.

Western Europe, Asia Pacific, and the Rest of the World experienced positive momentum, fuelled by sales to both returning and new customers. Overall, sales in directly operated stores climbed 3.6% year on year on a comparable basis.

Shoes, especially Women’s models, remained in high demand.

Yves Saint Laurent – Sustained robust growth

Yves Saint Laurent delivered another excellent performance in the first quarter, with revenue up 35.4% as reported and 33.4% on a comparable basis. Directly operated stores saw further double-digit sales growth in all geographic regions except Japan, with particularly sharp increases in Western Europe (up 46.0% on a comparable basis) and Asia Pacific (up 48.1% on a comparable basis). Online sales also posted further growth, driven by Western Europe and North America.

The Summer collection – fully designed by Anthony Vaccarello and available in stores since January 2017 – has been extremely well received. A number of products rapidly rose to best-seller status, notably in Women’s Shoes and Ready-to-Wear.

Other Luxury brands – Double-digit growth for both Couture & Leather Goods and Watches & Jewellery 

Revenue from the Group’s Other Luxury brands was up 12.3% as reported and 11.1% on a comparable basis, with all distribution channels contributing to the overall growth.

Couture & Leather Goods Maisons posted an aggregate revenue rise of 11.1% on a comparable basis, powered by an excellent showing from Balenciaga’s directly operated store network across all geographic regions and all product categories, confirming the success of Demna Gvasalia’s collections. Stella McCartney and Alexander McQueen achieved further growth in the period, while Brioni’s sales in directly operated stores trended upwards again.

Revenue from Watches & Jewellery Houses climbed 13.1% on a comparable basis, with good performances at Boucheron and Pomellato, demonstrating their innovative flair through new collections, reworked iconic lines and 360-degree marketing campaigns. The Group’s watch manufacturers also fared well in the first quarter. Girard-Perregaux and Ulysse Nardin joined the exhibitors at the Salon International de la Haute Horlogerie (SIHH) in January 2017, where they successfully unveiled several new models.

SPORT & LIFESTYLE ACTIVITIES: VERY GOOD PERFORMANCES FROM PUMA

Revenue generated by Sport & Lifestyle activities advanced 16.5% year on year as reported and 14.0% on a comparable basis, fuelled by an excellent performance from Puma, which reported record quarterly revenue of €1,008.9 million. All geographic regions except Japan registered double-digit sales growth and Footwear was the leading product category, with sales up by a significant 24.8% on a comparable basis.

Conversely, Volcom’s sales continued to be weighed down by the difficulties experienced by specialist distributors in the US, despite a solid showing from the directly operated store network.

“Corporate and other”: consolidation of Kering Eyewear sales

For the first time, Kering Eyewear – whose operation of the Gucci license for sunglasses and frames has been effective since January 2017 – is accounted for under “Corporate and other”. Kering Eyewear’s total sales, before elimination of intra-group sales and royalties received by the brands, amounted to €112.9 million in the first quarter. Net revenue for the period totalled €85.5 million.

SIGNIFICANT EVENTS SINCE JANUARY 1, 2017 

Brioni: Appointment of Fabrizio Malverdi

On March 17, 2017, Kering announced the appointment of Fabrizio Malverdi as CEO of Brioni. Reporting to Jean François Palus, Kering’s Group managing director, his mission is to accelerate the international expansion of one of the most prestigious houses in the high-end menswear market, which follows in the long tradition of Italian tailors.

Kering Eyewear

On March 21, 2017, Kering announced that its subsidiary, Kering Eyewear, and Cartier, owned by Compagnie Financière Richemont, had signed a strategic partnership agreement aimed at combining their operations in order to create a powerful platform for the development, manufacture and worldwide distribution of the Cartier eyewear collection. This project is subject to clearance by the relevant competition authorities.

Bond issue 

On March 28, 2017, Kering carried out a €300 million issue of ten-year bonds with a fixed-rate coupon of 1.50%.

Renovation of Boucheron’s flagship store on Place Vendôme 

On March 30, 2017, Kering announced that renovation will begin at Boucheron’s iconic flagship store at 26, Place Vendôme in Paris. The project aims to showcase the architecture and original volumes of the building, as Boucheron’s 160th anniversary draws near.

SUSTAINABILITY INITIATIVES

Launch of the 2025 sustainability strategy

On January 25, 2017, Kering launched its new sustainability strategy for 2025. Its targets are divided into three themes

– Environment: CARE for the planet, which includes initiatives by which Kering aims to reduce its Environmental Profit and Loss (EP&L) account by at least 40%, and carbon emissions from its activities by 50%, among others.

– Social welfare: COLLABORATE with people, which comprises the Group’s social ambitions.

– Innovation: CREATE new business models, which primarily involves investing in disruptive innovations that can transform conventional processes in luxury, and influence the industry.

 About Kering

A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Conntact:
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Analysts/investors
Claire Roblet
+33 (0)1 45 64 61 49
claire.roblet@kering.com

Andrea Beneventi
+33 (0)1 45 64 63 28
andrea.beneventi@kering.com

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official 
YouTube: KeringGroup

Source: Keing Group

Kering names Isabelle Huppert as the 2017 face of Women in Motion

London, 2017-Apr-13 — /EPR Retail News/ — Kering, official partner to the Festival de Cannes, has chosen Isabelle Huppert as the 2017 face of Women in Motion.

 For 3 years, Women in Motion has shone a spotlight on women’s contribution to cinema through a series of discussions between major figures from the film world and two Awards in celebration of talented women in film.

To mark the 70th anniversary of the Cannes International Film Festival, to be held from 17 to 28 May 2017, Kering, an official partner to the Festival has chosen a portrait of Isabelle Huppert for the official poster of the third annual Women in Motion programme. Her penetrating gaze dominates the photograph, which draws on the aesthetics of the silver screen in vibrant homage to the power of women in cinema.

A leading actress universally acclaimed for her filmography featuring the world’s greatest directors, Isabelle Huppert is an iconic figure in film, and in particular at the Festival de Cannes, where she was president of the Jury in 2009, and where she has been awarded the Best Actress Prize on two separate occasions. Her career, like the roles she plays, is a genuine source of inspiration for the public.

Launched in 2015, Women in Motion endeavours to focus our attention on the crucial role of women in film, and to the importance of continuing to fight for greater equality and access to opportunities for talented young women.

Throughout the Festival, a series of Talks, open to both journalists and film professionals, will enable major industry figures to compare and contrast experiences and views on women’s contribution to film, and to share their recommendations for greater representation within the sector.

The 2016 discussions, which featured Jodie Foster, Juliette Binoche, Susan Sarandon, Geena Davis, Chloë Sevigny, Houda Benyamina, Alice Winocour and Salma Hayek Pinault, focused on a variety of questions, including the problem of financing for films directed by women or about women, inequalities in salary and the lack of representation of women and their work on screen.

Kering and the Festival de Cannes will also be awarding the Women in Motion Awards to two talented film industry figures at the official event dinner on Sunday, 21 May 2017. The first will go to an emblematic figure in film, whose career inspires others and embodies the programme’s values, while the Young Talents Award will be awarded to a promising rising film industry professional chosen by the first prize-winner. Worth €50,000, it will help support one or several of the winner’s film projects.

At last year’s event, the Women in Motion Awards went to Geena Davis and Susan Sarandon, reunited to celebrate the 25th anniversary of the cult film Thelma & Louise, and to three young directors: Leyla Bouzid, Gaya Jiji and Ida Panahandeh.

‘As is still the case in far too many walks of life, women are under-represented and disadvantaged in the film world, despite their priceless contribution to everything that makes cinema what it is. Promoting gender equality lies at the heart of Kering’s priorities, which is why I am proud to be involved in this fight, alongside the Festival de Cannes. For three years now, Women in Motion has been a leading forum in changing mindsets, celebrating the most extraordinary figures in our industry and offering practical support to talented women.’

François-Henri Pinault, Chairman and CEO of Kering

‘I am delighted to have joined forces with Kering to showcase the value of women and their role in film. This is a cause that deserves all our attention, and it is crucial to raise awareness among the many festival-goers who visit Cannes each year. Through Women in Motion, we look forward, at the 70th Festival de Cannes, to being able to continue to strive for greater female representation in the film world.’

Pierre Lescure, President of the Festival de Cannes

‘Once again this year, the Women in Motion programme will form a key part of the Festival de Cannes. We are delighted that an initiative designed to highlight the contribution of women can flourish at the Festival and increase in visibility with every passing year. It is vital to give everyone a chance to express their views on the subject, share concrete examples of inequality and suggest ways of fighting them.’

Thierry Frémaux, General Delegate of the Festival de Cannes

About Women in Motion
Women in Motion sets out to showcase the contribution of women to the film industry, whether in front of the camera or behind it. Launched in 2015 by Kering, in partnership with the Festival de Cannes, Women in Motion is an integral part of the Festival’s official programme. The initiative is based on two pillars: Talks open to journalists and industry professionals which give major figures the opportunity to compare and contrast their experiences and viewpoints around the question of women’s contribution to cinema, and to pool their recommendations for greater representation within the industry. The two Women in Motion Awards are awarded each year to an inspiring figure who embodies the programme’s values, and to a young film industry professional, who receives funding support for cinematographic projects.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

More information
Official videos and high resolution photographs
available on the Women in Motion pressroom

Follow the official hashtags:
#WomenInMotion #Cannes2017 #Kering

Press contacts:
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Renato Martinelli
+33 (0)1 45 64 66 00
renato.martinelli@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Laurent Boyé
+1 310 220 7239
laurent@jazopr.com

www.womeninmotion.com
Twitter: @KeringGroup
Instagram: @kering_official
YouTube: KeringGroup<
LinkedIn: Kering
www.kering.com

Source: Kering

Kering announced as the first founding anchor partner of the ‘Plug and Play – Fashion for Good’ accelerator

London, 2017-Apr-05 — /EPR Retail News/ — Kering and Plug and Play announced today that Kering is the first founding anchor partner of the ‘Plug and Play – Fashion for Good’ accelerator, a collaboration with Fashion for Good and the C&A Foundation to fast-track sustainable innovation within the luxury and apparel industries. Via the accelerator, the partners will identify innovative start-ups and support them in scaling-up their technologies, methodologies and business models. As such, Kering and the partners aim to stimulate disruptive innovation, transform conventional processes in luxury, and enable the widespread adoption of sustainable practices.

As a first step, a short list of early-stage innovators has been invited to pitch their technologies and projects to the partners, during the launch of the Fashion for Good centre today in Amsterdam. A final selection of ten start-ups, announced in early April, will then be accepted into the accelerator and partake in a unique three-month mentoring programme. Kering and Plug and Play will work with the selected start-ups to accelerate their innovations by providing training, mentorship, networking opportunities, and other valuable resources. The accelerator will take a 360° approach to supply chain innovation, by concentrating on three priority areas: raw material sourcing; fabric and garment production (dyeing, finishing, sewing); and end of use (recycling, circular economies). A particular focus will be placed on innovations that can improve the textile industry’s approach to water use, energy use, waste, chemical use, and labour practices.

“The accelerator’s launch follows our recent announcement of a three-pillar sustainability strategy, including a focus on innovation via the ‘Create’ pillar,” said Marie-Claire Daveu, Chief Sustainability Officer and head of international institutional affairs of Kering. “The future of luxury is dependent on innovation to help weave sustainability into every niche of our industry, from raw material sourcing and manufacturing processes to end of use. Collaborations like the Plug and Play – Fashion for Good accelerator will allow the textile industry to move more rapidly toward finding essential solutions to the challenges we all face.”

“In Plug and Play’s ten years of investing in start-ups, we have helped more than 7,000 innovators build their dreams. Now, we want to build our dream: a world of innovators committed to improving our global community and environment. It will be an honor and a pleasure to work with major luxury groups like Kering to help build and grow that vision.” said Saeed Amidi, Founder and CEO of Plug and Play.

“Fashion for Good inspires the daring invention and widespread adoption of good fashion practice.  Key to its success will be its open, inclusive approach and its enabling role to allow innovation to scale. As such, we are thrilled to welcome Kering as the first anchor partner in the ‘Plug and Play – Fashion for Good’ accelerator. Through collaboration with Kering, and other partners, we are working to give promising start-up innovators the funding and expertise they need to grow so we can shift fashion from being less bad to more good”, said Leslie Johnston, Executive Director of C&A Foundation (founder of Fashion for Good).

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.
The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.

About Plug and Play – Fashion for Good accelerator
As a joint venture between the world’s largest accelerator Plug and Play and the joint-industry initiative Fashion for Good, the Plug and Play – Fashion for Good accelerator is a global partnership that unites stakeholders from across the textile industry including the C&A Foundation, the Sustainable Apparel Coalition and Kering. Based in Amsterdam, the startup accelerator’s core objective is to find, invest in, and accelerate startups that fast-track the transition to a sustainable apparel industry.

Press contacts:
Kering
Emmanuelle Picard-Deyme
+33(0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com

Emer Hallahan
+33(0)1 45 64 63 07
emer.hallahan@kering.com

Plug & Play
Allison Romero
+1 (408) 524 14 57
allison@plugandplaytechcenter.com

Source: Kering

Kering welcomes Fabrizio Malverdi as the CEO of Brioni

London, 2017-Mar-21 — /EPR Retail News/ — Kering announces the appointment of Fabrizio Malverdi as the CEO of Brioni, effective 18 April 2017. Fabrizio Malverdi will report to Jean-François Palus, Kering’s Group managing director.

Fabrizio Malverdi has held management positions in luxury companies including Dior Homme, Givenchy and John Galliano. From 2016, he was CEO of Agent Provocateur.

As CEO of Brioni, his mission will be to accelerate the international expansion of one of the most prestigious houses in the high-end menswear market, which follows in the long tradition of Italian tailors.

Fabrizio Malverdi will replace Gianluca Flore, who left the group in February 2017. Kering is grateful to Gianluca Flore for his achievements at the helm of Brioni over the past two years.

About Fabrizio Malverdi
An Italian national, Fabrizio Malverdi started his career in the advertising industry. Mr. Malverdi became director of Staff International in 1996, in charge of the Vivienne Westwood and Martin Margiela licenses and international subsidiaries. In 2000, he joined the Italian group Mariella Burani, where he was successively managing director of Calvin Klein Collection, CEO of Mila Schon Group and managing director of Antichi Pellettieri, backed by LCapital. Fabrizio Malverdi joined LVMH in 2006 as CEO of John Galliano. He was subsequently appointed president and CEO of Givenchy in 2008, and managing director of Dior Homme in 2011. From 2016 he was CEO of Agent Provocateur. Mr. Malverdi graduated in management from Bologna University.

High resolution photograph available here

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts:
 
Press:
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Renato Martinelli
+33 (0)1 45 64 66 00
renato.martinelli@kering.com

Analysts/investors:
Claire Roblet
+ 33 (0)1 45 64 61 49
claire.roblet@kering.com

Andrea Beneventi
+ 33 (0)1 45 64 63 28
andrea.beneventi@kering.com

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering 
Instagram: @kering_official 
YouTube: KeringGroup

Source: Kering Group

Kering announces next phase of its sustainability strategy across its luxury brands

  • Kering defines a new, sustainable luxury that operates within the “planetary boundaries”
  • Kering sets ambitious 2025 Targets and key milestones to meet over this period
  • Kering’s strategy aligned with UN Sustainable Development Goals and includes science-based Targets

London, 2017-Jan-26 — /EPR Retail News/ — Kering announced the next phase of its sustainability strategy across its luxury brands today (25 January 2017). With a 360° approach within its own operations and across the entire supply chain over 10 years, Kering is dedicated to continue to reduce its environmental impacts, advocate social welfare inside and outside the Group, and create innovative, game-changing platforms. In doing so, Kering will support the drive towards a low-carbon economy and help shape the future of luxury as sustainable and to operate within the “planetary boundaries” [1].

Kering has already made significant sustainability improvements across its business since committing to become a sustainable Group and is outperforming the luxury sector in reducing its footprint. Furthermore, Kering’s environmental impacts are less than 45% of the global average business based on comparative turnover [2]. Following on from its progressive 2016 Sustainability Targets, Kering has stepped up its sustainability ambitions. Kering has built on the Group’s successes and leveraged the lessons learned along the way in order to evolve these original Targets. As such, the next phase of its sustainability strategy further aligns with its business priorities now and in the future. During a year-long exploratory process, the elaboration of the strategy was a joint effort between Kering, the CEOs of its luxury brands, the brands’ creative directors and their teams, to ensure input of operational relevance and to further integrate sustainability into all brand functions and categories.

“More than ever, I am convinced that sustainability can redefine business value and drive future growth. As business leaders, we all have a crucial role to play and I worked with the CEOs of our luxury Maisons to embed sustainability across our activities while developing this next important phase of our sustainability strategy,” said François-Henri Pinault, chairman and CEO of Kering, “Our strategy outlines how we will redesign our business to continue to thrive and prosper sustainably into the future, while at the same time helping to transform the luxury sector and contributing to meet the significant social and environmental challenges of our generation.”

Underpinning Kering’s vision is the recognition that a company can only become truly sustainable if it goes far beyond the conventional limits of its own direct operations to address the environmental and social impacts across the supply chain. Consequently, the scope of the strategy incorporates the entire supply chain and with a view to embedding sustainability at the very beginning of the design process. Guided by the UN Sustainable Development Goals (SDGs), Kering has also included quantifiable 2025 Targets in the strategy, under the three themes of CARE, COLLABORATE and CREATE.

Further, key milestones will be aimed at during this period in order to ensure that effective progress is being made. Highlights include:

CARE for the planet:

• Use resources within the “planetary boundaries” with a science-based approach in order to reduce carbon emissions from Kering’s business activities by 50% in Scope 1, 2 and 3 [3] of the GHG protocol by 2025.
• Further address all supply chain environmental impacts with a goal to reduce Kering’s Environmental Profit and Loss (EP&L) [4] account by at least 40%, including the remaining carbon emissions [5] and going beyond to also include water use, water and air pollution, waste production and land use changes.
• Create a “Supplier Index of Sustainability” and ensure Kering’s high standards for raw materials and processes are implemented by suppliers at 100% by 2025, which also raises the bar on traceability, animal welfare, chemical use and social welfare.
• Promote sustainable design and minimize the environmental impact of a product at every stage, from sourcing and manufacturing to transportation and consumer use, and create an open-sourced tool to assess products based on Kering’s standards.
• Establish a Materials Innovation Lab (MIL) focused on watches and jewellery, following the success of Kering’s MIL for fabrics and textiles in offering access to sustainable alternatives.
• Expand offsetting commitment to include a new ‘insetting’ approach in order to ensure that actions across the supply chain deliver climate benefits as well as social value.

COLLABORATE with people:

• Support the continuation of craftsmanship traditions and the communities that support them.
• Extend focus across the supply chain and improve community livelihoods where raw materials are sourced.
• Develop an industry-leading performance metric system that will measure achievement of the UN Sustainable Development Goals.
• Leverage current partnerships with leading universities and continue to develop collaborations to identify sustainability solutions.
• Amplify forward-thinking employment practices, including the global parental policy launched on 1 January, a well-being at work policy by 2018, and an employee benefits policy by 2020.
• Achieve gender parity at all levels.
• Aim to be the preferred employer in the luxury sector.

CREATE new business models:

• Invest in disruptive innovations that can transform conventional processes in luxury, and influence the industry.
• Develop new and sustainable solutions for sourcing raw materials, including exploring biotech and promoting a circular economy through turning recycled textiles into new clothing.
• Scale up an internal purchasing platform to have access to high quality, sustainable raw materials.
• Stimulate and enable innovation to translate vision into action through internal governance.
• Establish a Young Leaders Advisory Group for inspired ideas.

“Rethinking luxury is a necessity to adapt to our changing world while responding to the concerns of new generations of luxury clients. We have already made significant improvements over the last years and we will continue to strive for the highest environmental and social standards,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs of Kering, “It is through catalysing innovation that we will be able to go beyond incremental improvements and implement the transformational changes that are necessary to be truly sustainable in our business and as an industry.  We will continue to open-source our solutions and approaches to support the scaling up of sustainability in the luxury sector, while sharing every 3 years the progress we have made.”

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenues of more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

[1] Planetary Boundaries is the central concept in an Earth system framework proposed by a group of scientists led by the Stockholm Resilience Centre in 2009. The group proposed a framework of 9 “planetary boundaries” designed to define a “safe operating space for humanity” for the international community, including governments at all levels, international organizations, civil society, the scientific community and the private sector, as a precondition for sustainable development

[2] Refer to May 2015 press release on 2013 Group EP&L results: http://www.kering.com/en/press-releases/kering_open-sources_environmenta…

[3] Emissions from upstream transportation and distribution, business air travel and fuel and energy related emissions in Scope 3

[4] An EP&L analyses the total environmental impacts in a company’s own operations, and across its entire supply chain and then estimates the monetary cost to society of the changes in the environment resulting from these activities

[5] All Scope 3 emissions from purchased goods and services all the way back to raw materials at Tier 4

Press contacts:
Emmanuelle Picard-Deyme
emmanuelle.picard-deyme@kering.com
+33 1 45 64 61 87

Emilie Gargatte
emilie.gargatte@kering.com
+33 1 45 64 61 20

Website
www.kering.com

Social media:
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup 

Source: Kering

Kering enhances its parental policy for all its employees globally

London, 2016-Dec-15 — /EPR Retail News/ — With effect from 1 January 2017, Kering’s parental policy will allow all the Group’s employees, whatever their personal circumstances or location, a minimum of 14 weeks on full pay for maternity and adoption leave and a minimum of five days on full pay for paternity or partner leave.

The luxury Group is thus demonstrating its commitment to professional equality and work-life balance.

From 1 January 2017, Kering’s parental policy will provide a new framework across the Group and its Maisons for more than 38,500 employees, in close to 60 countries.

Every Kering employee with more than a year’s seniority, regardless of their personal circumstances or location, will be entitled to 14 weeks on full pay for maternity and adoption leave, and five days on full pay for paternity and partner leave.

By setting a global minimum standard for maternity and adoption leave, paternity leave and partner leave, Kering is taking an important step forward for the benefit of all its employees. In many countries, aligning adoption leave with maternity leave (14 weeks), whatever the parents’ legal status represents great progress, as does the introduction of five days’ leave for the partner of the mother or adopting parent.

In countries where local legislation provides more favourable parental leave benefits, this will be applied in place of Kering’s parental policy.

The Group’s new parental policy aims to foster a better work-life balance and to promote gender equality, regardless of employees’ personal circumstances, by guaranteeing the same minimum benefits on the birth or adoption of a child, to all Group employees worldwide.

Kering’s managers and human resources teams will be actively involved in implementing this new policy by providing parents with specific support before and after their leave, to ensure that they return to work in the best possible conditions, and benefit from a smooth career progression in the long term.

François-Henri Pinault, chairman and CEO of Kering, commented: “Since our employees are at the core of our business and our inspiration, I am proud to launch a policy that represents a major step forward for parenthood in many parts of the world. This initiative, which is particularly close to my heart, reflects our enduring commitment to promoting equality between men and women throughout their careers, whatever their personal circumstances.”

Béatrice Lazat, Kering’s senior vice president of human resources, added: “This ambitious policy will enable employees of the Group and its companies in almost 60 countries to benefit from a standard framework that promotes a healthy work-life balance. By guaranteeing the same minimum benefits to everyone, we are developing a more sustainable and harmonious working environment and contributing to a shared corporate culture within the Group, which is a source of pride and well-being.”

Press kit available on request

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenues of more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press contacts:
Emilie Gargatte
emilie.gargatte@kering.com
+33 (0)1 45 64 61 20

Astrid Wernert
astrid.wernert@kering.com
+33 (0)1 45 64 61 57

Website
www.kering.com

Social media
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup 

Source: Kering

Kering and Parsons School of Design launch new design course to measure environmental impact of students’ creations

London, 2016-Oct-31 — /EPR Retail News/ — Kering and The New School’s Parsons School of Design announced a new collaboration under their long-standing partnership today (27 October 2016), with the launch of a new design curriculum which will leverage the pioneering KERING x PARSONS: EP&L programme pilot and the My EP&L App to measure and better understand the environmental impacts of students’ creations.

As part of their collaboration, Kering is introducing new modules to Parsons Fashion programme and embedding practical lessons in sustainability into the Parsons curriculum. Parsons will offer the Kering modules to students in three senior Systems & Society Thesis sections and two Materiality Thesis sections. Students will have the opportunity to study Kering’s Environmental Profit and Loss (EP&L) methodology, which measures and monetizes the environmental impacts from business’ activities across the entire supply chain. Students will also learn how to integrate sustainability from the very start of the design process by evaluating and comparing various materials’ and understanding how their choices influence the extent of the environmental impacts from sourcing to manufacturing via the My EP&LApp, introduced by Kering. Students’ thesis projects will subsequently be evaluated and scored on both design and sustainability criteria, with the ten top students given unparalleled exposure for their designs in an exclusive Design Exhibition, following the course and hosted by Kering and Parsons.

Piloted as part of the Parsons curriculum, My EP&L App is based on Kering’s EP&L methodology and is an easy way for design students and the fashion industry to visualize the environmental impact of a typical product from raw material extraction through to sales.  Highlighting 4 different items in our wardrobe to select – jackets, shoes, handbags and rings – My EP&L App users can choose the raw materials used (such as cashmere, wool, organic cotton, leather), where these are sourced from and then manufactured. In each category the environmental impacts from carbon emissions, water use, water and air pollution, waste production and land use changes are then analysed from an underlying 5000+ indicators to calculate a product’s final impact.  Furthermore, My EP&L can be used as a comparative tool by allowing users to understand and determine better options in order to ascertain lower impact decisions and ultimately create more sustainable designs.  As an illustration, My EP&L shows that by choosing between a bag made from French leather with the inner lining in Chinese silk and hardware in brass from Chile versus a bag made out of US leather with the inner lining in Chinese linen and hardware in Chinese bamboo there is 4.40€ less EP&L impact from the first product decisions, or 26% environmental savings.

“My EP&L illustrates the power of an Environmental Profit and Loss (EP&L) analysis and will assist fashion designers to easily calculate better options in real time in order to embed sustainability into their products at the very beginning of the design phase,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of International institutional affairs at Kering. “As part of our ongoing commitment to advocate the importance of sustainability with the next generation entering our industry, we are excited to expand our Parsons collaboration with a view to sharing My EP&L with further educational institutions following the pilot.”

“We are excited to collaborate with Kering on this important initiative for our students,” said Burak Cakmak, Dean of Fashion at Parsons School of Design. “Sustainability education is vital for our students, and with Kering’s help, Parsons will be educating the next generation of fashion industry leaders who can create powerful change.”

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenues of more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

About Parsons School of Design
Parsons is a global leader in design education, with programs that span the disciplines of design and the fine arts. With the launch of its fashion design program in 1906, Parsons is credited with the rise of Seventh Avenue, the epicenter of American fashion. Parsons offers a Bachelor of Fine Arts degree in Fashion Design, Associate degrees in Fashion Design and Fashion Marketing, and a Master of Fine Arts Program in Fashion Design and Society initiated through the support of Parsons alumna Donna Karan. Parsons has educated generations of leading American fashion designers, including Tom Ford, Marc Jacobs, Donna Karan, Isaac Mizrahi, Tracy Reese, Narciso Rodriguez, Anna Sui, Prabal Gurung, Derek Lam, Proenza Schouler, Vena Cava, Alexander Wang, and Jason Wu. For more information, visit www.newschool.edu/parsons.

Press contacts:
Kering
France
Emmanuelle Picard-Deyme
emmanuelle.picard-deyme@kering.com
+ 33 (0)1 45 64 61 87

International
Mich Ahern
mich.ahern@gmail.com
+ 44 (0) 7984 684 454

Parsons
Will Wilbur
wilburw@newschool.edu
212 229 5667 ext. 3990

Website: www.kering.com
Social Media
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup

YouTube: youtube.com/TheNewSchool
Twitter: @TheNewSchool
LinkedIn The New School Parsons
Instagram: @TheNewSchool, @ParsonsSchoolofDesign
Facebook: facebook.com/thenewschool/ facebook.com/parsonsthenewschool/

Source: Kering