मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Kering founder crashes out of world's 100 richest amid struggles at Gucci
The Straits Times
|November 23, 2024
Luxury group expects lowest profit in years as its biggest brand faces weaker demand
-
PARIS Mr Francois Pinault, the octogenarian founder of Kering, is no longer among the 100 richest people in the world, as his son struggles to turn around the French luxury conglomerate's biggest brand, Gucci.
Mr Pinault, 88, fell to No. 105 on the Bloomberg Billionaires Index, the first time he has been out of the top one-fifth of the 500-person ranking since his name was added a dozen years ago.
His wealth has dropped by twothirds to US$20.3 billion (S$27.33 billion) through Nov 21 from an August 2021 high, the largest percentage decline of anyone still on the index over the period.
At that time, he was ranked No. 22.
The loss of wealth for the Pinault family is remarkable even amid an overall decline for the luxury sector, which has been hit hard by weaker demand in China for highend goods like designer clothes, fine wines and cosmetics.
यह कहानी The Straits Times के November 23, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The Straits Times से और कहानियाँ
The Straits Times
Young lawyer 'living the dream' by serving migrant workers full time
Growing up, Ms Nur Shukrina Salam's world was never far from the migrant worker community.
3 mins
February 23, 2026
The Straits Times
Visa-free travel helps China rekindle ties with middle powers
Expansion of visa-free policy driven by soft power, need to spur consumption: Analysts
5 mins
February 23, 2026
The Straits Times
This meeting is being recorded. Did you know?
Al is fuelling a surge in recorded work meetings that we need to think about more carefully.
3 mins
February 23, 2026
The Straits Times
Acupuncture • Al can help strengthen analytical foundations
The article “What’s the point of Al in acupuncture?” (Feb 17) raises important issues that deserve careful consideration.
1 mins
February 23, 2026
The Straits Times
The problems piling up at fast-fashion giant Shein
Regulatory probes and the ending of Customs loopholes pose big challenges, but its business model is highly resilient.
8 mins
February 23, 2026
The Straits Times
Education • Ensure JCs continue to deliver meaningful, high-quality teaching
As a parent, I am concerned about the current teaching approach in junior colleges.
1 min
February 23, 2026
The Straits Times
Breakthrough for team mapping migration of pygmy blue whales
Indonesian scientists use drone to attach tag while minimising disturbance to animal
4 mins
February 23, 2026
The Straits Times
India's top cities can be a nightmare to live in
This hobbles the Asian giant's ability to retain its best and brightest and attract world-class talent.
7 mins
February 23, 2026
The Straits Times
Will DAP stay or quit Malaysia's Cabinet? Either way, damage is done for Anwar's biggest ally
‘Internal referendum’ at party’s congress in July a double-edged sword, say analysts
4 mins
February 23, 2026
The Straits Times
Employment • Do I need to take a day's leave if it's a half-day at work?
In Singapore, it has become common practice for government offices and private employers to grant employees a half-day off on the eves of major public holidays such as Christmas, New Year and Chinese New Year.
1 min
February 23, 2026
Listen
Translate
Change font size