First principles: who owns them
- LVMH: The Arnault family group crossed 50% of LVMH’s share capital in February 2026, holding 50.01% of the capital and 65.94% of the voting rights. By the first-half 2026 report it was 50.21% and 66.39% (AMF filing; Bloomberg). In September 2026 the family moved to simplify the structure through Christian Dior (Reuters).
- Kering: Artémis, the Pinault family holding, is the controlling shareholder. François-Henri Pinault chairs the board, and former Renault chief Luca de Meo is CEO (Kering AGM 2026).
Stated strategy
- Kering: “ReconKering.” Cut debt, inventory and stores, turn Gucci around, and scale jewelry and eyewear, with a pledge to more than double the profit margin (Reuters).
- Artémis: In 2026 it sold its Giambattista Valli stake back to the founder as part of a disposal drive (Reuters).
Team Jupiter or Team Saturn?
- LVMH: Jupiter in acquisitions, Saturn in control. It keeps expanding the empire while tightening family voting control.
- Kering 2026: declared Saturn. By its own words this is a maintenance phase: “after a period focused on the international expansion… a more integrated model.”
Unpopular opinion: Shrinking Gucci’s store count may be the most creative thing Kering has done in a decade.
Lillith Magic · Directed by Anthony Perlas. Opinion: the Jupiter/Saturn read below is our editorial judgment of business behavior, not a statement of fact about any person.
You might also like
Field ReportsTen Stories, Seven Cities, One Night Out: The November 2 Briefing
NewsPulse: Holiday Party Season Opens on Both Coasts, Through an Eileen Otte Ford Lens
NewsRichard Avedon’s Hollywood Just Opened Free at Gagosian. Here’s How to See It
VideoWhy Thursday Is Jupiter’s Day: Dies Iovis and the Spiritual Forecast
CultureWhy It’s Harder to Hit the Sun Than to Leave the Solar System
New InterviewsGroomed With Purpose: Jalen Gage and the Discipline Behind Vicious Grooming
Leave a Reply