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Why Kering is buying a chunk of Valentino as Gucci sales slow: François-Henri Pinault's French giant secured the US$1.8 billion deal with Qatar's Mayhoola amid struggles to keep up with LVMH
![FILE--Chinese pedestrians walk past a store of Gucci in Beijing, China, 23 November 2013. French luxury group Kering S.A., which owns Gucci, Yves Stock Photo - Alamy FILE--Chinese pedestrians walk past a store of Gucci in Beijing, China, 23 November 2013. French luxury group Kering S.A., which owns Gucci, Yves Stock Photo - Alamy](https://c8.alamy.com/comp/W5MRY7/file-chinese-pedestrians-walk-past-a-store-of-gucci-in-beijing-china-23-november-2013-french-luxury-group-kering-sa-which-owns-gucci-yves-W5MRY7.jpg)
FILE--Chinese pedestrians walk past a store of Gucci in Beijing, China, 23 November 2013. French luxury group Kering S.A., which owns Gucci, Yves Stock Photo - Alamy
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Why Gucci owner Kering is acquiring fragrance label Creed: CEO François-Henri Pinault comments while the French luxury group develops high-end perfumes for its brands like Balenciaga and Bottega Veneta | South China
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