Kering shareholders review Gucci plans at annual meeting

Kering held its annual general meeting in Paris where chief executive Luca de Meo outlined progress on the ReconKering strategy. Shareholders approved his pay package and two new board appointments. Discussions focused on Gucci's store upgrades, smart glasses, and Formula One partnership.

Kering chair François-Henri Pinault told attendees that the first nine months under de Meo had validated the company's governance decisions. The meeting covered de Meo's compensation and the addition of Laurent Kleitman and Marie-Hélène Chenut to the board of directors.

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Around 1000 members of the Mulliez Family Association met on Friday and Saturday in Marcq-en-Barœul. Their president, Barthélemy Guislain, presented a new vision defining them as trusted shareholders.

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Bottega Veneta has named Romain Spitzer as its new chief executive, with the appointment effective from September 1. Parent company Kering announced the move on Wednesday.

Chanel posted revenues of $19.3 billion in 2025, marking a 1.8 percent rise on a constant currency basis. Operating profit climbed 5.2 percent to $4.7 billion as the French luxury house recovered from a sales drop in 2024.

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Pierpaolo Piccioli presented his debut couture collection for Balenciaga on Wednesday at a sunlit outdoor venue in Paris. The Italian designer drew on the house's archive while introducing his signature use of color.

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