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 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 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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