Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

Francois-Henri Pinault poses with his wife Salma Hayek (Credit: Antoine Gyori - Corbis/Corbis/Getty Images)

Kering, the luxury group behind Gucci, Bottega Veneta, and Saint Laurent, says it isn’t too worried about potential U.S. tariffs hurting its business.

Announcing the company’s 2024 results, Kering CEO Francois-Henri Pinault said the French giant’s brands represented European craftsmanship, so offshoring production to the U.S. “makes no sense.”