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The House of Gucci Gets a Tickle

Activist investor Bluebell Capital is pushing for major moves at Kering, and François-Henri Pinault seems to be listening. Will this financial love tap compel him to make more changes at the group? And is the dream of a Richemont-Kering merger finally closer to reality?

François-Henri Pinault is not traditionally a micromanager, but has become much more involved in day-to-day decision-making at individual brands in recent months.
François-Henri Pinault is not traditionally a micromanager, but has become much more involved in day-to-day decision-making at individual brands in recent months. Photo Credit: Ludovic Marin/AFP
Lauren Sherman
July 31, 2023

As expected, the big European groups raced to get things done before the summer holidays commenced this week: there were deals, there were earnings reports, there were parties. I was bracing for a Sunday morning designer appointment announcement, but I guess everyone really does need a break.