Gucci, Paris and Ardian

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).
Gucci owner to sell stakes in glitzy Paris properties to private equity firm Ardian
The luxury group that owns brands Gucci and Saint Laurent has struck a deal to sell majority stakes in three of its high-profile Parisian real estate properties to French private equity group Ardian.
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 Sells Stake in Landmark Paris Buildings to Ardian
Kering SA agreed to sell a majority stake in three luxury Paris properties to French private equity firm Ardian SAS, a deal that will net the struggling owner of the Gucci fashion label €837 million ($861 million).
Kering Sells Stake in Prime Paris Real-Estate Assets to Ardian
The French group said it will receive net proceeds of €837 million. Kering will retain 40% of the ownership in the prime real-estate portfolio.
Kering sells €837 million stake in Paris prime portfolio to Ardian
Gucci owner Kering and Ardian have signed a €837 million deal. The agreement covers three highly prestigious properties in Paris, located on Place Vendôme and Avenue Montaigne.
Kering Reaches $860 Mln Paris Real Estate Deal with Ardian
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, the company announced on Wednesday.
Gucci will need to make a comeback under its new CEO—and it won’t be the first time for the languishing Italian luxury brand
Revenues at Gucci, Kering's biggest money-maker, plunged 26% in the third quarter as a prolonged sales slump continues.
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