{"id":107284,"date":"2021-02-17T13:37:18","date_gmt":"2021-02-17T13:37:18","guid":{"rendered":"https:\/\/fin2me.com\/?p=107284"},"modified":"2021-02-17T13:37:18","modified_gmt":"2021-02-17T13:37:18","slug":"pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth\/","title":{"rendered":"Pinault says Kering is looking at M&A options but focus is on organic growth"},"content":{"rendered":"
FILE PHOTO: Francois-Henri Pinault, Chairman and Chief Executive Officer of French luxury group Kering, attends the annual news conference of Kering at the company’s headquarters in Paris, France, February 12, 2019. REUTERS\/Benoit Tessier<\/figcaption>

PARIS (Reuters) – French luxury goods group Kering is looking at possible mergers and acquisitions seriously, but M&A is not indispensable for its future growth, Chairman and Chief Executive Francois-Henri Pinault said on Wednesday.<\/p>\n

Pinault said his group was in a strong position, both in term of financial bandwidth and know-how, to potentially acquire and integrate a big target if the right opportunity arose, although he added that the priority for now was to focus on organic growth.<\/p>\n

Asked about recurring rumours that Kering could be eyeing a tie-up with Swiss rival Richemont, Pinault told reporters: \u201cIt\u2019s a group that we know well, it\u2019s one of our partners that gave us a licence for their eyewear so we are in regular contact. But it\u2019s a group that is controlled by a family, as is Kering, and there is nothing else on this matter.\u201d<\/p>\n

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FILE PHOTO: Francois-Henri Pinault, Chairman and Chief Executive Officer of French luxury group Kering, attends the annual news conference of Kering at the company’s headquarters […]<\/p>\n","protected":false},"author":3,"featured_media":107283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nPinault says Kering is looking at M&A options but focus is on organic growth - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pinault says Kering is looking at M&A options but focus is on organic growth - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Francois-Henri Pinault, Chairman and Chief Executive Officer of French luxury group Kering, attends the annual news conference of Kering at the company’s headquarters [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-17T13:37:18+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cnewsfotor10-5.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth\/\",\"url\":\"https:\/\/fin2me.com\/markets\/pinault-says-kering-is-looking-at-ma-options-but-focus-is-on-organic-growth\/\",\"name\":\"Pinault says Kering is looking at M&A options but focus is on organic growth - 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