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Gucci-owner Kering sells 60% stake in Paris properties
Gucci-owner Kering sells 60% stake in Paris properties to PE firm Ardian for €837M
Owner of luxury bands Gucci, Saint Laurent—Kering SA reached a deal to sell a 60% stake in three prestigious Paris properties to French private equity firm Ardian SAS for €837 million (~$862 million).
Kering sells 60% of Paris properties amid Gucci’s poor performance
Kering sells 60% of Paris properties amid Guccis poor performance Kering divests significant stakes in Paris real estate as luxury sector faces challenges
Kering reaches $860 million Paris real estate deal with Ardian
PARIS (Reuters) -Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity firm Ardian, freeing up 837 million euros ($860.27 million) in proceeds,
Kering Sells Majority Stake in Three Paris Properties to Ardian
Kering SA will sell a majority stake in three Paris properties to French private equity firm Ardian, a deal that will net the struggling owner of the Gucci fashion label €837 million ($861 million).
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