The Parent Company for Gucci, Saint Laurent, and Balenciaga, Creates Luxury Beauty Division

Kering luxury group, the parent company for Gucci, Saint Laurent, and Balenciaga, Creates Luxury Beauty Division.

A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry : Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. Last week, Kering announced the creation of a Beauty division for luxury brands.

Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato, and Qeelin are the brands in Kering’s portfolio which are developing a stronger presence in the beauty segment.

The creation of Kering Beauté will enable the Group to support these brands in the development of the Beauty category, which is a natural extension of their universe.

Kering is confident it can create value for the Group and its Houses, drawing on each of their unique identity in a way that is fully consistent with their strategy and market positioning.

Kering announces the appointment of Raffaella Cornaggia as CEO of Kering Beauté. Based in Paris and reporting to Jean-François Palus, Group Managing Director of Kering, she will be a member of the Group’s Executive Committee.

In her new role, and supported by a team of seasoned professionals, Raffaella Cornaggia will help develop an expertise in the Beauty category for Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin.

“I am delighted to welcome Raffaella Cornaggia, who brings us considerable experience in a segment that we see as strategically important for our Houses. We are building this new area of expertise within our Group to ensure that our brands can fulfill their potential in this category.” – Jean-François Palus, Group Managing Director.

An Italian national, Raffaella Cornaggia has over 25 years of experience in Beauty, spanning three continents, in multiple channels.

Raffaella Cornaggia began her career at L’Oréal where she occupied various roles for 10 years in Italy and in France, before joining Chanel Parfums Beauté as Global Vice President, Marketing Makeup. In 2008, she joined Estée Lauder Companies at the time of the creation of its EMEA region to lead the marketing for Estée Lauder and Tom Ford Beauty, based in Paris. She then moved to Asia where she was appointed Senior Director, Brand Development for Estée Lauder and Tom Ford Beauty, and later promoted Vice President and General Manager for MAC Cosmetics in the region. In 2017, she spearheaded the development of the Travel Retail business worldwide for Estée Lauder and Aerin, as Senior Vice President and General Manager, based in New York. She then became International Senior Vice President and General Manager for the brands in 2020, responsible for worldwide business outside of the US and Canada.

She is a graduate of Bocconi University in Milan.

Kering luxury group was recognized in the 2023 Bloomberg Gender-Equality Index

The Bloomberg Gender-Equality Index tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation, and transparency.

The resulting 2023 GEI represented 484 global companies spanning 54 industries, headquartered across 45 countries and regions.

The inclusion of Kering on the index reflects the importance the Group places on advancing women’s careers at all levels of our organization, and further inspires Kering’s efforts to ensure everyone can achieve their full potential in a supportive and inclusive working environment.

“By developing programs that empower women’s talent and leadership potential, by prioritizing their well-being and supporting them at key moments in their lives and by striving to close the gender pay gap, we’re leading the way for women in Luxury – and shaping a more equal future for all our talent,” said Béatrice Lazat, Chief People Officer at Kering.