Kering to Double Budget of Its Corporate Foundation

PARIS – Kering chairman and chief executive officer François-Henri Pinault had an early Christmas present for staff at the Kering Foundation, telling guests at a party celebrating the institution’s 10th anniversary that he had decided to double its budget from next year.
Pinault, who is also chairman of the Kering Foundation, had gathered top executives – including the CEOs of Saint Laurent, Balenciaga and Pomellato – at the group’s headquarters in Paris to mark the first decade of its effort to combat violence against women, though he said it was too early to jubilate.
“I hope one day we will be able to finally celebrate the total eradication of this scourge, but we’re not at that stage yet and there is much left to do. There are still far too many victims of violence. These victims come from all backgrounds: They are on the other side of the world, but they are also across the hall,” he said.
Noting that one in three women worldwide are victims of violence, Pinault said the foundation would use some of its additional budget to expand its prevention efforts. As an example, it supports Gendes, a Mexico-based non-governmental organization that works with men on the topic of

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