Kering Sells Stake in Landmark Paris Buildings

Gucci-owner Kering sells 60% stake in Paris properties to PE firm Ardian for €837M
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). The properties involved include the Hôtel de Nocé on Place Vendôme and two buildings on Avenue Montaigne,
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 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).
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, Ardian Sign Investment Deal Regarding Prime Real Estate Assets in Paris
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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
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 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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