François-Henri Pinault is the CEO of the high-end clothing company Kering, which he inherited from his family. His father, François Pinault, founded the business in 1963 under the name Pinault SA. The Bloomberg Billionaires Index ranks the older François as the 26th richest person in the world.
According to the Business and Human Rights Resource Centre, Pinault SA later changed its name to Pinault-Printemps-Redoute, which was then abbreviated to PPR before becoming Kering. The business, which, according to Forbes, first focused on wood and building supplies, transitioned towards high-end clothing during the 1990s. Alexander McQueen, Gucci, Balenciaga, and Saint Laurent are just a few of the well-known fashion labels that call it home today.
François-Henri Pinault Bio/Wiki
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François-Henri Pinault Family
The founder of Pinault SA, François Pinault, who founded Pinault-Printemps-Redoute, PPR, and eventually Kering, is the father of François-Henri Pinault. From 1996 to 2004, Pinault was wed to Dorothée Lepère. Together, they had two children: François born in 1998 and Mathilde born in 2001.
From September 2005 to January 2006, he was romantically linked to supermodel Linda Evangelista. Together, they gave birth to Augustin James Evangelista born in October 2006. He started dating Salma Hayek in April 2006. Valentina, their daughter, was born on September 21, 2007.
On February 14, 2009, the pair wed in Paris. They rededicated their vows in Venice in April 2009. The actress, who has a 13-year-old daughter named Valentina with Pinault, didn’t mince words when she dismissed the rumours on Dax Shepard’s Armchair Expert podcast. “You cannot begin to imagine the magic in him from a picture.
He has helped me grow in such a positive, healthy way and become a much better person. Everyone said it was an arranged marriage when I wed him. She claimed that she married him for his wealth. “Yeah, anything, b***h, I say. Consider what you desire. 15 years spent together. We are strong in our affection, and I hardly ever take offence.
François-Henri Pinault Education
In 1985, Pinault earned a degree in management from HEC. He and other students co-founded the CRM business Soft Computing during his studies, and he completed an internship as a database-software developer at Hewlett-Packard in Paris.
He served his military obligation in the French Consulate in Los Angeles after receiving his degree, where he was in charge of researching the fashion and new technology industries.
François-Henri Pinault Early life
Pinault started working for PPR in 1987, and in 1988, 1988, 1989, and 1990, he received promotions to the manager of the buying department, head manager of France Bois Industries, and manager of Pinault Distribution. In the 1990s, Pinault Distribution changed its name to PPR to become a global participant in the retail industry.
In 1993, Pinault was named president of CFAO, and in 1997, he was named CEO of Fnac. Pinault was appointed vice-president of PPR and president of PPR’s parent company, Groupe Artémis, in May 2003. Pinault took over as PPR’s president and chief executive officer in March 2005 and started the company’s transformation into a global organisation with a premium fashion focus.
He sold PPR’s top retail assets, including Conforama, CFAO, Printemps, Fnac, and La Redoute, and merged PPR with the Gucci group, which had been a subsidiary of PPR since 1999.
This placed him in charge of Gucci’s luxury portfolio, which includes Gucci, Yves Saint-Laurent, Bottega Veneta, Balenciaga, Boucheron, Alexander McQueen, and Stella McCartney In June 2013, he changed PPR’s name to Kering and increased the group’s portfolio of luxury brands Girard-Perregaux, Brioni, Qeelin, Pomellato, Christopher Kane, Tomas Maier, Ulysse Nardin. His Breton ancestry is represented by the new name, “Ker,” which sounds like “caring” and in the local dialect means “home.”
Pinault made a significant commitment to sustainable development for his company. He adopted the “environmental profit and loss” (EP&L) accounting technique in the early 2010s in accordance with the UN’s Sustainable Development Goals, which was gradually applied to all of the group’s brands.
In 2008, he established the Kering Foundation to promote women’s rights. In 2015, he collaborated with the Cannes Film Festival to create the Women in Motion programme, which aims to increase public awareness of issues affecting women in the film industry. He provided funding for Yann Arthus-2009 Bertrand’s film Home, “Home,” which features aerial footage of several locations on Earth and a discussion on how humanity is endangering the planet’s ecological equilibrium.
In the Corporate Knights Global 100 index, Kering was recognised in January 2018 as the most sustainable textile, clothing, and luxury goods corporation. The Fashion Pact, a commitment made by 56 fashion companies to take specific steps to lessen their environmental effect, was established by Pinault at the direction of French President Emmanuel Macron during the G7 conference in August 2019.
The parent business of Kering and owner of the vineyard Château Latour, the auction house Christie’s, and the soccer team Stade Rennais F.C., Groupe Artémis, which Pinault has led since 2003, also made a 2015 investment in the cruise ship operator Compagnie du Ponant. Additionally, Artémis oversees the Pinault Collection.
The Bourse de Commerce building in Paris will be renovated as part of the Pinault Collection-branded modern art museum project, which was first announced in 2016. Pinault established the $100 million investment fund Red River West in 2017 to support Artémis’ initiatives in the technology industry. Since the Pinault family bought the Stade Rennais F.C. in 1998, he celebrated the club’s first Cup de France title in 2019.
He began working for Pinault Distribution, currently known as Pinault-Printemps-Redoute (PPR), in 1987. His father, François Pinault, established “PPR” in 1963. François-Henri was appointed manager of the company’s purchasing division in 1988, and in 1990 he was promoted to head manager.
In the meantime, he worked as the head manager for “France Bois Industries” in 1989. François-Henri was appointed president of the multinational industrial products distribution business “Compagnie Française de l’Afrique Occidentale” (CFAO) in 1993, while “PPR” developed into a major participant in the retail sector in the 1990s.
He was appointed CEO of the French retail chain firm Fnac in 1997. He was instrumental in PPR’s decision to sell up its retail division and focus solely on managing luxury brands. He eventually succeeded in making the business a major force in the luxury goods sector. PPR made its first luxury industry investment in 1999 when it purchased 42% of Gucci Group NV.
Along the way, more luxury brand purchases including those of “Saint Laurent Paris,” “Alexander McQueen,” “Boucheron,” “Bottega Veneta,” “Stella McCartney,” and “Balenciaga” transpired. 2000 saw the founding of the “Electronic Business Group.” In the years that followed, he rose to prominence within “PPR,” leading to his appointment as the organization’s vice-president in May 2003 and eventual appointment as its chairman and CEO in March 2005.
He has been in charge of the assets owned by the Pinault family since May 2003 as president of the French holding firm “Groupe Artémis.” He sold the most valuable retail assets of “PPR.” These included the well-known multinational corporation “CFAO,” the high-end department store “Printemps,” the French mail-order company “La Redoute,” the French retail chain “Fnac,” which sells electronics and cultural products, the home furnishings retail chain “Conforama,” and the high fashion retailer “Fnac.”
He received the “Chevalier de la Légion d’Honneur” award in 2006. He has backed the rights of women. He established the “Kering Foundation,” which is supported by “Kering,” in 2008 to advance the defence and promotion of women’s rights. Combating violence against women and advancing women’s empowerment are the foundation’s key goals.
Through “Kering,” François-Henri pursues sustainability and focuses on researching and putting new environmentally friendly ideas into practice. Together with Jochen Zeitz, the former head of “Puma,” he has created an environmental profit and loss account (EP&L). The approach, which he used in his business, makes it easier to calculate the environmental costs associated with various operations. He provided funding for Yann Arthus-documentary Bertrand’s “Home,” which was released in June 2009 and primarily features aerial photographs collected from various locations on Earth.
The harm posed by humans to the planet’s natural equilibrium is demonstrated in the movie. The premium brand portfolio of “PPR” grew as it continued to buy various luxury goods brands, such as “Puma” in 2007 and “Volcom” in 2011. It established a distinct subsidiary called “Sports & Lifestyle” after purchasing “Puma.”
François-Henri also provided funding for the 2015 French documentary “Ice and the Sky.” The movie, which was directed by Luc Jacquet, tells the story of scientist Claude Lorius’ investigation of Antarctic ice and his worry about global warming. The ADL (Anti-Defamation League) presented François-Henri with the “International Leadership Award” in 2015 in recognition of his work to promote business responsibility, women’s rights, and awareness of minority discrimination.
In 2016, his name was added to the “Vanity Fair Hall of Fame.” François-Henri Pinault declared his intention to outperform “Louis Vuitton” over time in 2018. He said that year that Kering was leaving the sports and lifestyle market to concentrate only on the luxury market.
François-Henri Pinault Relationship
According to People, François-Henri Pinault wed Salma Hayek on Valentine’s Day 2009 in a Parisian courtroom. The pair wed in Venice in April 2009 in front of family and close friends, including actors Antonio Banderas and Penélope Cruz. The Palazzo Grassi, which has been owned by the Pinault family since 2005, was the site of their wedding.
It also had special significance for the couple because it was where they first met there in 2006. Brides report that Pinault surprised Hayek with a vow renewal in Bora Bora in case the double wedding wasn’t enough of a display of love. In 2018, the CEO misled his wife into believing they were going to a spa but actually surprised her with a significant romantic gesture.
François-Henri Pinault Assets
Stade Rennais FC, a member of the French Ligue 1 soccer league, is owned by the Pinault family and was acquired in 1998. The team’s business is also managed by Pinault’s wife, Hayek. The Stade Rennais FC of French Ligue 1 is owned by the Pinault family. The Stade Rennais soccer team in France’s Ligue 1 is owned by the Pinault family.
The club has developed under the Pinault family’s ownership from a second-division team to one that presently participates in the Champions League, despite the fact that he has been careful with the $44 million he has invested in the organisation over the years.
Hayek, 54, scoffed at the assertions that she wed her rich husband for financial gain. Hayek shot down rumours that, after being with the Frenchman for more than 15 years, she only got married in 2019 due to his wealth.
François-Henri Pinault Awards
Francois Henri Pinault reçoit the Chevalier de la Légion d’Honneur in 2006. Francois Henri Pinault received the Vanity Fair Hall of Fame award in 2016. Francois Henri Pinault was ranked as the eighth best businessperson of 2018 by Fortune. According to Barron, Francois Henri Pinault was named one of the “30 best CEOs in the world” in 2019.
According to Harvard Business Review, Francois Henri Pinault placed third among the “100 top CEOs worldwide” in 2019. 2020 saw Francois Henri Pinault receive the Fiorino d’Oro, Florence’s highest honour.
François-Henri Pinault Net Worth
François-Henri Pinault Net Worth $35.2 billion as of 2023.
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