, 650,000 shares were repurchased at an average purchase price of 643.70, representing a total amount of 418.4 million.
It has been decided that 325,000 shares purchased under this first tranche will be cancelled. The remainder of the repurchased shares will be allocated to free share grant programs to employees.
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrows Luxury in a sustainable and responsible way. We capture these beliefs in our signature: Empowering Imagination.In 2020, Kering had over 38,000 employees and revenue of 13.1 billion.