PPR has transformed itself from a conglomerate to the world’s third-largest luxury group (behind LVMH and Richemont). PPR’s stable of global luxury brands includes a 99% stake in Italian luxury goods company Gucci Group, and luxury brands Alexander McQueen, Balenciaga, Boucheron, Bottega Veneta, Stella McCartney, and Yves Saint Laurent, among others. The group’s other activities include the multichannel merchant Redcats, Fnac music and book stores, and the German athletic shoemaker PUMA. More than half of PPR’s sales are generated outside its home country. The company is refocusing its operations on the luxury goods and sport and lifestyle retail sectors, through selective acquisitions and divestments.
65 Bleecker St, New York, NY 10012
CategoryDepartment, Clothing & Shoe Stores
Kering’s commitment to sustainability stems from a profound belief. It is also a source of inspiration and innovation. The 2025 Sustainability Strategy targets are also opportunities to create value for the Group, the Houses, their customers, and society as a whole. Innovation is integral to Kering’s sustainability policy. In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group’s Houses with more than 3,000 sustainable fabric and textile samples. The Group is also partnering with the Fashion for Good – Plug and Play Accelerator for start-ups to drive disruptive innovation and make materials and processes more sustainable. To guide the Houses and their suppliers in their efforts to achieve the 2025 Sustainability Strategy targets, Kering has established environmental and social requirements known as the Kering Standards. The outcome of several years of research conducted internally, with the Group’s Houses, external experts and NGOs, the Kering Standards define best practices for traceability, social compliance, environmental protection, animal welfare and chemical use. We are redesigning our business to continue to thrive and prosper sustainably into the future, while at the same time helping to transform the luxury sector and contributing to meet the significant social and environmental challenges of our generation.In September 2017, Kering partnered up with LVMH to introduce a charter on working relations with fashion models and their well-being. The charter sets out three commitments: the well-being of models, the image they convey, and requirements for models who are minors. The website, Wecareformodels provides models with information, best practices and expert advice.