Kering Sells Stake in Prime Paris Real-Estate Assets

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).
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.
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Press release - Kering and Ardian sign an investment agreement regarding prime real estate assets in Paris
Press release_Kering and Ardian sign an agreement_15 01 25 PRESS RELEASE KERING AND ARDIAN SIGN AN INVESTMENT AGREEMENT REGARDING PRIME REAL ESTATE ASSETS IN PARIS Kering and Ardian today announced the signature of a binding investment agreement pertaining to three highly prestigious real estate properties in Paris.
Ardian acquires €837m stake in a trio of Kering’s Paris properties
Investment firm Ardian is acquiring a 60% stake in three real estate complexes in France from luxury fashion brand Kering, which will retain the remaining 40% and receive €837m.
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.
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 sells majority stake in three prime real estate assets to Ardian
Luxury group Kering has signed an agreement with investment firm Ardian for the sale of 837 million euros worth of real estate.
Kering, Ardian Sign Investment Deal Regarding Prime Real Estate Assets in Paris
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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 ...
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