François-Henri Pinault

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François-Henri Pinault
Portrait de François-Henri Pinault pris aux journée de la terre en 2011 à l'unesco paris.jpg
Pinault in 2011
Born (1962-05-28) 28 May 1962 (age 56)
Rennes, France
Residence Paris, France
Nationality French
Alma mater HEC Paris
Occupation Chairman of Kering
Chairman of Kering Foundation
President of Groupe Artémis
Years active 1985–present
Home town London, England
Net worth US$30.6 billion (September 2018)[1]
Board member of Kering
Kering Foundation
Groupe Artémis
Spouse(s)
Dorothée Lepère
(m. 1996; div. 2004)

Salma Hayek
(m. 2009)
Children 4
Parent(s) François Pinault
Louise Gautier

François-Henri Pinault (French: [pino]; born (1962-05-28)28 May 1962) is a French businessman, the chairman and CEO of Kering since 2005, and President of Groupe Artémis since 2003. Under his leadership, Kering divested the retail industry and became a luxury group.

Biography[edit]

Education, early career[edit]

François-Henri Pinault is the son of François Pinault, the founder of PPR that became Kering. François-Henri Pinault graduated from HEC School of Management (1985). During his studies, he cofounded the still existing CRM company Soft Computing with other fellow students, and did an internship at Hewlett-Packard in Paris as a database software developer. After graduating, he completed military service in the French Consulate in Los Angeles, and was in charge of studying fashion and new technology sectors.[2][3]

In 1987, François-Henri Pinault began his career at PPR (then called Pinault Distribution) where he was promoted manager of the buying department in 1988, head manager of France Bois Industries in 1989, and head manager of Pinault Distribution in 1990.[4]

In the 1990s, as Pinault Distribution became PPR, an international player in the retail sector, François-Henri Pinault became president of CFAO in 1993 and CEO of Fnac in 1997.[5]

Turning PPR into Kering[edit]

In May 2003, François-Henri Pinault became vice-president of PPR and president chairman of Artemis, the holding company that controls the assets of the Pinault family.[5] In March 2005, he became chairman and CEO of PPR.[4]

François-Henri Pinault moved PPR towards managing luxury brands. He sold PPR’s leading retail assets: Conforama, CFAO, Printemps, Fnac and La Redoute. PPR then merged with the Gucci group, its subsidiary since 1999. The brands Gucci, Yves Saint-Laurent, Bottega Veneta, Balenciaga, Boucheron, Alexander McQueen and Stella McCartney were now under the direct supervision of PPR’s executives. The group expanded its portfolio of luxury brands with the acquisition of Swiss watchmaker Girard-Perregaux (2011), Italian tailor Brioni (2011), Chinese jeweler Qeelin (2012), Italian jeweler Pomellato (2013), British brand Christopher Kane (2013), German designer Tomas Maier, Swiss watchmaker Ulysse Nardin (2014). Kering also developed a sports & lifestyle division with the acquisition of Puma (2007) and Volcom (2011).

In June 2013, François-Henri Pinault changed the group’s name from PPR to Kering. The new name is a reference to his Breton roots, "Ker" meaning "home" in the region’s dialect, and sounds like "caring".[6][7] From 2005 to 2017, the luxury revenues of the group rose from 3 to 10 billion euros.[8][9] In 2018, François-Henri Pinault confirmed Kering’s exit of the Sport & Lifestyle sector to focus solely on the Luxury sector.[10]

Other roles[edit]

Commitments[edit]

In 2008, François-Henri Pinault created the Kering Foundation to defend and promote women’s rights.[11] In 2015, Kering launched the Women in Motion program with the Cannes Film Festival to raise gender issues within the film industry. The program consists of talks organized during the event and the Women in Motion Award.[12] In 2017, Kering and LVMH jointly implemented a Charter on working relations with fashion models and their well-being.[13]

François-Henri Pinault is a member of The B Team, a pro-environment not-for-profit organization founded by Richard Branson.[14] In 2009, he financed the documentary Home by Yann Arthus-Bertrand, which shows aerial shots of various places on Earth and discusses how humanity is threatening the ecological balance of the planet.[15] In January 2018, Kering was named top sustainable textile, apparel and luxury goods corporation in the Corporate Knights Global 100 index.[16]

In June 2016, alongside his father François Pinault, he introduced the renovation project of the Bourse de Commerce building in Paris which will house part of the Pinault family’s art collection.[17]

Awards and honors[edit]

  • 2006: Chevalier de la Légion d'Honneur[18]
  • 2015:
    • GCC Global Leaders of Change Awards[19]
    • ADL (Anti-Defamation League) International Leadership Award for setting a standard in corporate responsibility and raise awareness about discrimination against women and other minorities.[20]
  • 2016: Vanity Fair Hall of Fame[11]
  • 2017: #23 in Best Performing CEOs in the World by Harvard Business Review[21]

Personal life[edit]

François-Henri Pinault was married to Dorothée Lepère from 1996 to 2004, and they had two children together, a son François and a daughter Mathilde.[22]

François-Henri Pinault dated supermodel Linda Evangelista from September 2005 to January 2006, and they had a child together, Augustin James Evangelista, born October 2006.[23][24]

In April 2006, he began dating the actress Salma Hayek. In March 2007, it was reported that Hayek was pregnant, and later that month the couple was engaged.[25] Their daughter Valentina was born on 21 September 2007.[26][27] They married on 14 February 2009 in Paris, in the Sixth Arrondissement town hall. Two months later, on 25 April 2009, they renewed their wedding vows in the presence of their family and friends in Venice.[28]

François-Henri Pinault is a regular participant, together with his wife, to the investment bank Allen & Co.'s annual weeklong conference organized every year in Sun Valley, Idaho.[29][30]

References[edit]

  1. ^ "Francois Pinault & family". Forbes. Retrieved 2018-09-13. 
  2. ^ "François-Henri Pinault (PPR) : le nouvel empire". Journaldunet.com (in French). 7 December 2000. Retrieved 23 April 2017. 
  3. ^ a b Joe Einhorn (5 August 2012). "Meet Le Geek: Francois-Henri Pinault". Techcrunch.com. Retrieved 23 April 2017. 
  4. ^ a b "Biography". Kering.com. Retrieved 23 April 2017. 
  5. ^ a b Peter Gumbel (2 September 2009). "The new king of luxury". Fortune.com. Retrieved 23 April 2017. 
  6. ^ "François-Henri Pinault's Luxury Group PPR Changes Name to Kering". Pusuitist.com. Retrieved 23 April 2017. 
  7. ^ Molly Fischer (2 April 2015). "Flyby". Newyorker.com. Retrieved 23 April 2017. 
  8. ^ "Goods activity: Gucci Group". Scribd.com. 2005. Retrieved 4 July 2018. 
  9. ^ Maura Brannigan (13 February 2018). "Kering is appropriately freaking out over its most profitable year on the record". Fashonista.com. Retrieved 4 July 2018. 
  10. ^ Chris Reiter; Robert Williams (11 January 2018). "Kering Pares Back Its Puma Shares to Focus on Luxury Goods". Bloomberg.com. Retrieved 4 July 2018. 
  11. ^ a b "Vanity Fair Nominates François-Henri Pinault to Its Hall of Fame". Vanityfair.com. December 2016. Retrieved 23 April 2017. 
  12. ^ Tatiana Siegel (5 December 2015). "Cannes Fashion Partner Francois-Henri Pinault on His Festival Strategy and Why the Red Carpet Matters". Hollywoodreporter.com. Retrieved 23 April 2017. 
  13. ^ Dominique Vidalon (6 September 2017). "Fashion giants LVMH and Kering ban size zero models". Reuters.com. Retrieved 4 July 2018. 
  14. ^ "Biography". Bteam.org. Retrieved 23 April 2017. 
  15. ^ "Information about the movie - Home - Un film de Yann Arthus-Bertrand". Homethemovie.org. Archived from the original on 2014-01-11. Retrieved 2012-06-25. 
  16. ^ Lorelei Marfil (23 January 2018). "Kering Named Most Sustainable Global Corporation". Wwd.com. Retrieved 4 July 2018. 
  17. ^ Tina Isaac-Goizé (26 June 2017). "Pinault Presents Future Museum in Paris". Vogue.com. Retrieved 4 July 2018. 
  18. ^ "Décret du 14 avril 2006 portant promotion et nomination". Journal officiel de la République française (in French). 16 April 2006. Retrieved 13 April 2017. 
  19. ^ Miles Socha; Joelle Diderich (8 December 2015). "Livia Firth Hands Out Inaugural GCC Awards in Paris". Wwd.com. Retrieved 4 July 2018. 
  20. ^ "Francois-Henri Pinault, CEO of Kering, is Honored with ADL International Leadership Award". Adl.org. Retrieved 23 April 2017. 
  21. ^ "The Best-Performing CEOs in the World 2017". Hbr.org. December 2017. Retrieved 4 July 2018. 
  22. ^ Clare O'Connor (3 May 2012). "Billionaire Baby Daddy Drama: Linda Evangelista Takes Salma Hayek's Husband To Court". Forbes.com. Retrieved 12 March 2018. 
  23. ^ Laure Italiano (1 July 2011). "Salma Hayek's hubby fathered Linda Evangelista's son". Nypost.com. Retrieved 23 April 2017. 
  24. ^ "Salma Hayek's Husband, François-Henri Pinault, Is the Father of Linda Evangelista's Son". People.com. 23 September 2016. Retrieved 23 April 2017. 
  25. ^ Norman, Pete (9 March 2007). "Salma Hayek: Engaged and Pregnant!". People. Retrieved 28 January 2014. 
  26. ^ "Salma Hayek Has a Baby Girl". People. 22 September 2007. Retrieved 28 January 2014. 
  27. ^ "Francois-Henri Pinault biography". Browse Biography. 2010-12-12. Retrieved 2012-05-05. 
  28. ^ Vicki Hyman/The Star-Ledger (2009-04-27). "Star-Ledger article on remarriage in Venice". Nj.com. Retrieved 2011-07-13. 
  29. ^ Aly Weisman (10 July 2015). "24 power couples at Allen & Co.'s annual 'summer camp for billionaires'". Businessinsider.fr. Retrieved 4 July 2018. 
  30. ^ Vanessa Friedman (19 July 2017). "How to dress down like a power player". Nytimes.com. Retrieved 4 July 2018. 

External links[edit]