Kering brands: every house the group owns in 2026 and how each is selling

Kering is the French luxury group that owns Gucci. Its houses fall into three groups, according to its own website: six in Fashion and Leather Goods, four in jewelry, and a set of others including Kering Eyewear and the porcelain house Ginori 1735. Since March 31, 2026 it no longer owns a beauty arm. Below is each brand, what it is and how it is selling, using Kering's half-year release dated July 28, 2026.

The six fashion and leather goods houses

Kering lists six houses in this group: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen and Brioni. The segment made 5,800 million euros in the first half of 2026, down 5% as reported and down 1% on a comparable basis, with a 14.3% recurring operating margin.

Gucci is by far the largest. It made 2,757 million euros in the half, down 9% as reported and 5% comparable, with a recurring operating income of 468 million euros, a margin of 17.0%. That makes it about 38% of group revenue by our arithmetic. Kering says its directly operated stores improved by 7 points in the second quarter versus the first, with North America the main driver and Mainland China still "challenging." It credits the Borsetto and Paparazzo product lines and the Gucci Core show in New York for the lift, which is the company's own explanation, not an independent one.

Saint Laurent returned to growth in the half, per Kering, with solid results in North America and Western Europe. Bottega Veneta "outperformed again," led by leather goods. Brioni delivered what Kering calls strong performance. Balenciaga had "a more challenging quarter" as it worked through "its creative transition." McQueen is being repositioned as "a British authority in tailoring and occasion wear" under chief executive Gianfranco D'Attis, appointed June 1, 2026.

Two of these houses have lost their designer in the past week. Our coverage: Anthony Vaccarello leaves Saint Laurent, and Kering announced on October 15, 2026 that Seán McGirr is leaving McQueen. Kering says each house will name new creative leadership soon.

The jewelry houses

Kering lists four: Boucheron, Pomellato, DoDo and Qeelin. Jewelry is the group's fastest grower. First-half revenue was 521 million euros, up 14% as reported and 20% comparable, with retail sales up 28% comparable. Boucheron reached "new record levels," Pomellato kept up momentum, Qeelin grew with softer trends in the quarter, and DoDo had "a more challenging quarter." The segment's recurring operating margin was 6.2%, which is low next to Gucci's 17.0% and shows how much room is left. Kering also notes that the segment's profit more than doubled from 16 million euros a year earlier, a sign that the margin is moving the right way from a small base.

Eyewear and the others

Kering Eyewear made 965 million euros in the half, up 5% as reported and 8% comparable, with recurring operating income of 222 million euros. Kering names Lindberg, Maui Jim and Valentino among the brands behind recent launches. Its half-year operating income was far above the 32 million euros the jewelry segment made.

Ginori 1735, the porcelain house, sits under "Others" on Kering's site, next to the eyewear arm. Kering's release does not give Ginori's sales separately.

What changed in 2026

The biggest change is what Kering no longer owns. The release says the sale of Kering Beauté to L'Oréal completed on March 31, 2026, generating 4.0 billion euros in cash. That helped cut net debt to 3.3 billion euros, down 4.7 billion from 8.0 billion at the end of 2025. Kering also keeps a partnership with L'Oréal over Gucci Beauty, and says it received 300 million euros from that agreement in the half.

Kering's chief executive, Luca de Meo, is the person running that plan. His stated approach in the release is to "reinforce the distinctiveness of our brands, simplify our organization and increase effectiveness across the Group." The group is also shrinking its store estate: 84 net closures in the first six months, out of 100 targeted for 2026, after 75 net closures in 2025. In plain terms, Kering is trading some reach for margin. Recurring operating margin was 12.8% for the group, 40 basis points better than a year earlier.

How to read the numbers

Three cautions. First, "comparable" means adjusted for currency and for changes in the group's scope, while "reported" does not; the gap between plus 1% and minus 3% is currency and scope effects, and Kering says currency alone cost about 1 point in the second quarter. Second, the release is Kering's own, so it frames the quarter as a turnaround; the numbers inside it still show Gucci's sales lower than a year ago. Third, the half year predates the creative exits at Saint Laurent and McQueen, so the next report will be the first to show how the group trades through them.

If you are tracking dates for those reports, our luxury earnings calendar lists them. For who owns the other big names, see the guide to French luxury fashion houses and their owners.

Our take

Kering is now a smaller, leaner group built on one very large brand and a handful of fast-growing small ones. The turnaround story rests on Gucci's retail trend, and the first-half figure says it is better but not fixed. What we would watch: Gucci's comparable retail sales, the pace of jewelry, and who runs McQueen and Saint Laurent next. What we would skip: any claim that the group is back to its old growth rate.