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Kering closes sale of majority stake in prime Parisian real estate assets to Ardian

Luxury group Kering (Gucci, Saint Laurent, Bottega Veneta, Balenciaga) and investment firm Ardian have closed their investment transaction regarding a portfolio of three prime real estate assets in Paris according to an announcement on Thursday. The terms are in line with the news released on 15th January, namely a sale of 837 million euros...

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Kering sells majority stake in three prime real estate assets to Ardian

Paris – Luxury group Kering (Gucci, Saint Laurent) has signed an agreement with investment firm Ardian for the sale of 837 million euros worth of real estate assets in Paris, the company announced Wednesday. The portfolio of assets, in which Kering will retain a 40 percent stake, includes the Hôtel de Nocé on Place Vendôme and two buildings on...