The Weakest Link in French Luxury

Last November, the French billionaire François Pinault, 88 years old and founder of the luxury group Kering (Gucci or Saint Laurent), first came out of the Bloomberg index of the 100 richest people in the world. His fortune had fallen two thirds, up to $20.3 billion, the biggest collapse of the index. In another classification, the Lyst, which selects the most desired luxury brands by the consumer, Gucci, emblem signature of the group he founded…