François-henri Pinault on jewelry division
From Kering SA AGM 2026 | Luxury Brand Realignment And Creative Leadership Strategy Backed By Board · · Investing 101
“I also have full confidence in the huge potential of our jewelry houses. This is why we recently consolidated them into a separate division under the well-informed and seasoned leadership of Jean Marc Duplex who is going to further accelerate their development.”
On , François-henri Pinault, Chairman & CEO at Kering, spoke about jewelry division during Kering SA AGM 2026 | Luxury Brand Realignment And Creative Leadership Strategy Backed By Board on Investing 101.
About François-henri Pinault
At Kering’s 2026 Annual General Meeting, François-Henri Pinault stated that it was at his initiative that the board separated the roles of chairman and chief executive officer the previous year, describing it as a pivotal moment to reinforce organizational efficiency and balance responsibilities. He expressed confidence in Gucci’s ability to reinvent itself and in the potential of Kering’s jewelry houses, which were consolidated into a separate division under Jean-Marc Duplex. Pinault also said the company should not give in to impatience amid international uncertainty and geopolitical tensions. During Kering’s Capital Markets Day in Florence, Pinault outlined a strategic plan called “Reconquering,” focused on reigniting desirability and operational excellence. He noted that between 2022 and 2025, Kering’s revenues declined by €5.7 billion and EBIT margins dropped from 27% to 11%. The plan includes right-sizing the retail network, with two-thirds of stores to be refurbished or relocated and overall selling space reduced by around 20%. Pinault also highlighted investments in technology, data, and a creative residency in partnership with Shanghai Fashion Week to deepen local insights in China.