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Last updated : 24/04/2026 - 17h35
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Kering Unveils ReconKering, Its Transformation Plan to Reclaim Luxury

During its Capital Markets Day in Florence, Kering introduced ReconKering, a transformation plan aimed at restoring its strategic vision and strengthening its leadership position in the luxury sector.


Kering Unveils ReconKering, Its Transformation Plan to Reclaim Luxury

Defining the Strategy

ReconKering outlines the Group's strategy by reaffirming the fundamentals of True Luxury—creativity, craftsmanship, cultural relevance, and product excellence—while developing the necessary capabilities to support the emergence of Next Luxury, characterized by new technologies, evolving customer expectations, new markets, and new categories. The plan aims to increase the desirability of the Houses, enhance operational excellence, and deploy a more focused and disciplined model. Recent developments include the organizational redesign of the Group, strengthening of financial discipline, clarification of product and pricing strategies, optimization of the distribution network, and consolidation of operational governance.

Implementing an Integrated Group Platform

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ReconKering establishes an integrated Group platform designed to enable the Houses to gain strength, speed, and efficiency while fully preserving their creative identity. This platform revolves around five hubs that pool key expertise in areas where scale effect creates value. The resulting operational model relies on a more agile, connected, and disciplined deployment, combining creativity, craftsmanship, cultural relevance, and product excellence. The Group employs 44,000 people and achieved a revenue of 14.7 billion euros in 2025. Luca de Meo, CEO of Kering, stated that ReconKering marks a return to Kering's uniqueness while aligning with the evolutions of luxury, with the agility of a challenger and an increased demand for execution.



Sector Luxe Vêtements et accessoires


Assurance vie

Context

Period
  • Period: 2025
Key reported figures
  • Revenue: 14 675 millions d’euros
  • Revenue growth: -13 %
  • EBITDA: 3 675 millions d’euros
  • EBITDA margin: 25,0 %
  • Net income: 140 millions d’euros
  • Free cash flow: 4 400 millions d’euros
  • Net debt: 8 000 millions d’euros
  • Dividend per share: 3,00 euros
Outlook / guidance
  • Expected revenue: Le chiffre d’affaires 2026 est attendu en croissance et les marges en amélioration.
  • Expected EBITDA: L’EBITDA 2026 est attendu en progression et les marges EBITDA en amélioration.
  • Expected net income: Le résultat net 2026 est attendu en hausse.
  • Management commentary: Perspectives 2026 : le groupe vise à renouer avec la croissance et à améliorer ses marges grâce à une exécution rigoureuse et à une stratégie de marques renforcée, avec le Capital Markets Day prévu le 16 avril 2026.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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