Launched Sustainable Sourcing Assistant on Google Cloud's Vertex AI

Kering uses Google Cloud's Vertex AI to unify customer data and drive personalization.

CEO Luca de Meo presented strategic reset focusing on beauty as core growth engine at Capital Markets Day.

Created new strategic division 'Kering Next' to manage beauty growth and expansion into adjacent categories.

Announced deepening of strategic partnership with L'Oréal to scale beauty brands like Gucci, moving to a capital-light partnership model.

CEO Luca de Meo announced a strategic pivot to address a perceived 'crisis of meaning' and target 80% of the luxury market.

Reported worst-ever quarterly share price decline in Q1 due to luxury market slump

Senior executive makes personal investment in generative AI virtual try-on startup