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.

The deal valued at 837 million euros will give Kering a cash infusion as it seeks to shore up its balance sheet.

Kering and Ardian today announced the signature of a binding investment agreement pertaining to three highly prestigious real estate properties in Paris. This portfolio comprises Hôtel de Nocé, ...

Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity ...

The French group said it will receive net proceeds of €837 million. Kering will retain 40% of the ownership in the prime real ...

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