François-Henri Pinault

François-Henri Pinault is the Chairman and Chief Executive Officer at PPR SA. He is also the Chairman and President of Sowind Group and the Chief Executive Officer of Groupe Artemis, and has numerous other board positions.  PPR is a Paris-based conglomerate that owns Gucci, Yves St. Laurent and Bottega Veneta. His family is worth an estimated $11.5 billion. He is the son of the company’s founder, businessman François Pinault. François-Henri Pinault married actress Salma Hayek in April 25, 2009. Together they have a daughter, Valentina Paloma Pinault. He also has a child with model Linda Evangelista. François-Henri Pinault was born on May 28, 1962 in Rennes, Brittany, France.

Crowdsourced shopping site Fancy attracts £36m in funding

Will Smith, Ukrainian-born billionaire investor Len Blavatnik and credit card firm American Express invest in The FancyFilm star Will Smith, Ukrainian-born billionaire investor Len Blavatnik and credit card company American Express are among a group of investors that have sunk $53m (£36m) into crowdsourced shopping site The Fancy.

Source: www.guardian.co.uk | Date: 9th July 2013 Read more

New York's 'half-price art sale'

It's post-mortem time for contemporary art, the highest flying area of the art market. After several years of unprecedented growth, which have seen prices at auction increase by an average 25 per cent each year since 2002, it experienced a definitive setback in New York last week.

Date: 17th November 2008 Read more

PPR Q3 sales up

Luxury goods retailer PPR has reported group sales of E4.9 billion for the third quarter of fiscal 2008, up 1.7% in reported terms and 1.8% on a comparable scope and exchange rate basis compared to the third quarter of fiscal 2007. For the first nine months of fiscal 2008, PPR posted sales of E14.5 billion, up 8.1% in reported terms and 3.6% on a comparable scope and exchange rate basis compared to the same period in 2007. Sales outside France represented 62% of total group sales.

Source: www.tradingmarkets.com | Date: 27th October 2008 Read more

A Venetian Customs House for Contemporary Art

Venice, June 7 — François Pinault, the luxury-goods magnate and art collector who owns Christie’s, arrived here this week not simply to peruse the hundreds of art installations that make up this year’s Venice Biennale, but also for the formal signing of an agreement on Friday between the City of Venice and his Palazzo Grassi to create a contemporary-art center in an unused customs house called Punta della Dogana, at the entrance to the Grand Canal.

Source: www.nytimes.com | Date: 8th June 2007 Read more