Kering Sells Stake in Landmark Paris Buildings

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).
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 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 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
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.
Kering reaches $860 million Paris real estate deal with Ardian
PARIS (Reuters) -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,
Kering Seals Private Equity Deal With Ardian for Place Vendôme, Avenue Montaigne Real Estate
The deal valued at 837 million euros will give Kering a cash infusion as it seeks to shore up its balance sheet.
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