Kering : Kering : Nomination at Kering

                    Kering : Kering : Nomination at Kering

François-Henri Pinault, chairman &  CEO of Kering and  chairman of Yves  Saint 
Laurent, has appointed, effective from 1^st September, Francesca Bellettini as
CEO of Yves Saint Laurent. She will  join Hedi Slimane at the company to  take 
over from Paul Deneve, who has chosen  to take up a new career opportunity  in 
the high  tech  industry.  Francesca  Bellettini  is  currently  an  executive 
director at Bottega Veneta.

François-Henri Pinault, chairman and CEO of Kering, stated:
"I am  very pleased  that Francesca  Bellettini joins  the brand  as CEO.  Her 
experience within  the  Group and  in  the  industry, her  expertise  and  her 
determination  persuaded  me  of  her  ability  to  implement  Saint   Laurent 
day-to-day strategy. It is  one of the  strengths of Kering  that we have  the 
talent within the  Group to  fill key  positions. I  also want  to thank  Paul 
Deneve who, together with Hedi Slimane,  has done a remarkable job in  leading 
Saint Laurent's transformation and development over the last two years. I wish
Paul the success he deserves in his next challenge in Silicon Valley."

In addition to his  current responsibility for the  brand image and  creation, 
Hedi Slimane will also supervise all strategic projects for the brand.
Moving  forward,  the   Maison  will  pursue   the  transformation  and   full 
repositioning inspired by creative direction of Hedi Slimane. It will continue
to develop the unique  spirit and leadership  of the brand  and its teams,  in 
support of robust growth.

"Hedi Slimane has a clear  creative vision for Saint Laurent",  François-Henri 
Pinault noted. "He has successfully rejuvenated and repositioned the brand  in 
line with Yves Saint Laurent's original  message in 1966. This reform  project 
was essential to ensure that Saint Laurent  is in step with the times, and  to 
secure its success.  Today, the  brand is one  of the  world's most  prominent 
fashion houses and my ambition  is that Saint Laurent  is able to realise  its 
considerable long term potential for growth."

"My years with Saint  Laurent have been an  extraordinary journey" said  Paul 
Deneve. "I would like to thank Hedi Slimane and my colleagues. Thanks to their
skills and dedication, we have gone a long way and I am particularly proud  of 
that".

Francesca Bellettini  joined  Bottega Veneta  in  November 2008  as  worldwide 
merchandising director.  Promoted  to  worldwide  merchandising-communications 
director in November 2010, she has been responsible for implementing strategic
direction for the company with the President & CEO and the Creative  Director, 
while  overseeing   all  aspects   of   merchandising,  visual   display   and 
communication. She joined from Gucci where she was strategic planning director
and associate  worldwide  merchandising  director. Prior  to  Gucci,  she  was 
operations manager of Helmut Lang, having previously worked at the Prada Group
in 2002 as  part of the  planning & new  business development division.  After 
graduating from Bocconi University in Milan, Bellettini started her career  in 
London as  an  investment  banker, working  at  Goldman  Sachs  International, 
Deutsche Morgan  Grenfell,  and  Compass Partners  International.  She  is  an 
Italian national.

About Kering
A world leader in apparel and accessories, Kering develops an ensemble of
powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint
Laurent, Alexander McQueen, McQ, Balenciaga, Brioni, Christopher Kane, Stella
McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, JeanRichard, Qeelin,
Puma, Volcom, Cobra, Electric and Tretorn. By 'empowering imagination' in the
fullest sense, Kering encourages its brands to reach their potential, in the
most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7
billion in 2012 and had 33,000 employees at year end. The Kering (previously
PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts

Press
Paul Michon +33 (0)1 45 64 63 48
paul.michon@kering.com
Hélène Saint-Raymond +33 (0)1 45 64 61 20
helene.saint-raymond@kering.com

Analysts/investors
Alexandre de Brettes  + 33 (0)1 45 64 61 49 
alexandre.debrettes@kering.com
Edouard Crowley + 33 (0)1 45 64 63 28 
edouard.crowley@kering.com

Website : www.kering.com
PRKeringDGYSL02July2013

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