2023 Activity report
To discover the highlights of Kering and its Houses in 2023, but also the Group’s strategy, vision and major projects, download our activity report.
Message from the Chairman
" In 2023, we made a series of ambitious strategic decisions, seizing opportunities for the long term while maintaining our investments in creation, communications, distribution and the supply chain. "
Our strategy and commitments
To cultivate the desirability and exclusivity of its Houses and seize every opportunity for growth are the guiding principles of Kering’s business model. Discover the Group’s strategy and its main focus areas in terms of human resources and sustainability, and the major advances achieved in 2023.
2023 Highlights
January
Boucheron’s high jewelry collection Histoire de Style — Like a Queen is inspired by a double-clip brooch set with aquamarines and diamonds that was offered to Princess Elizabeth, the future queen of England, for her 18th birthday. Claire Choisne, the House’s Creative Director, reinterprets that unique piece through 18 contemporary creations based on its celebrated Art Deco motif. Designed for both women and men, the styles of wear and colors bring the royal jewel into the present.
Sabato De Sarno is appointed Creative Director of Gucci. The Italian designer is responsible for expressing the Florentine House’s creative vision, seamlessly intertwining it with the brand’s rich heritage. The start of a new chapter for Gucci.
Kering supports the creation of the master’s degree in Transformative Sustainability, in partnership with Bocconi University and Politecnico di Milano. The aim is to pass on to new generations the skills needed to put sustainable development at the heart of corporate strategies, using innovation as a key accelerator. In September 2023, the two-year cross‑disciplinary program welcomed its first students.
For the sixth year running, Kering is included in the Bloomberg Gender-Equality Index, recognized for its commitments to promoting diversity, equity and inclusion.
The Saint Laurent Men’s Winter 2023 collection is unveiled beneath the dome at the Bourse de Commerce — Pinault Collection. The silhouettes exude audacity and sophistication, with refined details, bold shoulders, narrow waists and a sober color palette.
Alexander McQueen’s Autumn/Winter 2023 men’s collection, photographed by Jet Swan, explores deconstructed tailoring.
Pomellato’s new collection Pomellato Together celebrates the power of love through creations rich in symbolism. Inspired by the strongest unions, the line focuses on entwined gold circles.
Kering launches the Women In Motion mentorship program in China, at the Museum of Art Pudong in Shanghai, to promote dialogue between established artists and emerging female talents.
February
Kering posts very solid performances for 2022, with sales exceeding 20 billion euros, up 15% on a reported basis and 9% on a comparable basis year-on-year.
Kering Eyewear presents its Spring/Summer 2023 collection, which for the first time includes Re|Ace, a 100% recycled acetate derived from pre-consumer acetate scraps. Produced exclusively for Kering Eyewear, it ensures the same resistance and durability as traditional acetate while cutting carbon emissions by at least half.
Balenciaga and Kering Foundation announce a multi-year partnership with the National Children’s Alliance (NCA), a non-profit organization dedicated to the mental health of child survivors of trauma. This support will enable NCA to train nearly 2,000 specialized professionals, and an estimated 55,000 children will benefit by receiving mental health care over the three-year program.
Gucci launches the first platform dedicated to the circular economy for the luxury sector in Italy, with the support of Kering. Named the “Circular Hub,” its aim is to accelerate the transformation of the Italian luxury industry by integrating the challenges of circularity, from raw materials and design to the optimization of production and logistics.
Bottega Veneta Creative Director Matthieu Blazy brings his “Italian trilogy” to a close with the House’s Fall/Winter 2023 collection. The silhouettes and accessories illustrate the designer’s skill for innovation and his ability to transcend traditional techniques. Historical silhouettes are reinvented for today and a new mythology unfolds with craft in motion.
Kering announces the creation of Kering Beauté. Dedicated to developing in-house beauty expertise for the Group and operating a portfolio of powerful brands in Beauty, this new division is headed by Raffaella Cornaggia, who also joins the Group’s Executive Committee.
The Saint Laurent Women’s Winter 2023 collection distills the essence of the House’s style and transposes it for the present, with a mix of precision, emotion, and contradiction. In a play of transparency and opacity, the suit becomes a timeless pairing of a sharp-shouldered blazer with a slim pencil skirt. The silhouette cohabits with pieces and motifs borrowed from the men’s wardrobe.
DoDo unveils 100% Amore for Valentine’s Day, illustrating its values of fun, sharing and freedom with jewels that are both precious and playful. Dedicated to lovers, it is supported by a campaign on the theme of inclusive love.
For the second time, Kering Americas partners with Black In Corporate (BIC) through a mentorship program dedicated to the Group’s African-American employees, granting access to specific resources, opportunities and guidance.
Qeelin presents its first bridal collection, inspired by the Chinese belief in the predestination of souls: engagement rings and wedding bands feature symbols of love.
2023 Key figures
GROUP
Finance
€19,566m
Revenue
Human Resources
48,900
Total number of employees in the Group and its Houses
Sustainability
No. 1
Kering’s position for the seventh straight year as the most sustainable textile, apparel and luxury goods corporation in the Corporate Knights’ 2024 Global 100 Index. As such, Kering was recognized as one of the best-performing businesses in sustainability.
Download the 2023 Activity report
Click below to view the activity report and download it in PDF format (accessible and compatible with screen reading software).