French luxury group Kering has closed at least 217 stores over the past 18 months, with 84 net closures in the first half of 2026 alone, reducing its total store count to 1,635. The 84 net closures represent a 5% reduction of its directly operated stores as of December 31, 2025, and are part of the 100 targeted closures for the 2026 full year. The store rationalization comes as the company works to improve sales density and recover from a 46% drop in operating income, with revenue of €7.22 billion in the first half of 2026, down 3% on a reported basis but returning to growth in the second quarter. Kering also sold its beauty division to L'Oréal for $4.7 billion and acquired jewelry manufacturer Raselli Farco as part of a broader recovery strategy.
Kering SAStore closures and revenue decline indicate weak demand for Kering products.
Christian Dior SE
LVMH Moët Hennessy - Louis Vuitton
LOréal S.A.Acquires Kering's beauty division for $4.7B, expanding portfolio.
Acquired by Kering, likely gaining resources and stability.
