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Kering CEO Luca de Meo to Meet Italian Unions Over Alexander McQueen Restructuring
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WWD
MILAN – Kering chief executive officer Luca de Meo is expected to meet Italian unions on Feb. 5 to discuss the future of the Alexander McQueen company in the country.
McQueen is wholly owned by Kering and one of the smallest brands in the portfolio, compared with Gucci and Saint Laurent, for example.
In the three months ended Sept. 30, Kering revenues totaled 3.42 billion euros, representing a 5 percent decline in comparable terms.
Last January, Kering transferred three prestigious Paris properties to a joint venture with Ardian in a deal valued at 837 million euros.
Ardian similarly took a 60 percent stake in that new entity, with Kering holding 40 percent.