François Pinault

Kering/Artémis; concentrated luxury allocator

François Henri Joseph Pinault is a French billionaire businessman, founder of the luxury group Kering and the investment holding company Groupe Artémis. In the early 1960s, Pinault started a timber-trading business. His company Pinault S.A. was taken public in 1988, and renamed Pinault-Printemps-Redoute (PPR) during the 1990s after it had turned into an important retail and distribution company. In 2003, he passed on the management of his companies to his elder son François-Henri. He owns an important collection of contemporary art that is on display in his own museums.