Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Kering is a French-based multinational corporation specializing in luxury goods. It owns the luxury brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Shops
2
Staff(RF), 2021
180
Glob.Revenue, mln.USD
21398

Suspended sale of brands: Alexander McQueen, Balenciaga, Bottega Veneta, Brioni. But Lancome, Yves Saint Laurent and Armani are returning to Russia: when cosmetics will appear in stores. And Gucci also continues sales

The Company Statement
October 07, 2022

Kering reported in LinkedIn that it is temporarily closing its stores in Russia for its Houses that the Group operates directly in the country.

November 16, 2023THE MALL LUXURY OUTLETS Guest Personal Assistant Russian Speaker (Fixed Term) - Kering
March 05, 2022Closing stores
March 05, 2022LVMH, Kering, Chanel and Cartier suspend operations in Russia
February 04, 2022Luxury group Kering temporarily closing stores in Russia
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