Kering is reinforcing its corporate team in Greater China in order to adapt to the fast-changing business environment in this market, which has been continuously growing in importance for the luxury industry since Gucci opened its first store in China in 1997. This new management set-up will strengthen the existing corporate structure specifically dedicated to supporting the long-term development of Kering’s luxury Houses in Greater China.
Ms Jinqing Cai has been appointed President of Kering Greater China, starting from September 10, 2018. Her mission will be to reinforce the visibility of Kering in Greater China and to strengthen the links between the Group and its local partners. She will be based in Kering’s Shanghai office and will report to Jean-François Palus, Group Managing Director of Kering.
François-Henri Pinault, Chairman and CEO of Kering, said: “Kering started to invest in Greater China some time ago and had built the foundations of a long-lasting and successful business, while continuously reinforcing our relationships with local partners. I am very pleased with the appointment of Jinqing Cai, which is a further testament to our long-term commitment in Greater China.”
With this new organisation, Kering will be best positioned to further support the rapid development of its luxury Houses in Greater China and to seize business opportunities in the Asia-Pacific region.