The luxury group that owns brands Gucci and Saint Laurent has struck a deal to sell majority stakes in three of its high-profile Parisian real estate properties to French private equity group Ardian.

Gucci owner Kering and Ardian have signed a €837 million deal. The agreement covers three highly prestigious properties in Paris, located on Place Vendôme and Avenue Montaigne.

The deal valued at 837 million euros will give Kering a cash infusion as it seeks to shore up its balance sheet.

PARIS (Reuters) -Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity firm Ardian, freeing up 837 million euros ($860.27 million) ...

The French group said it will receive net proceeds of €837 million. Kering will retain 40% of the ownership in the prime real ...

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Press release_Kering and Ardian sign an agreement_15 01 25 PRESS RELEASE KERING AND ARDIAN SIGN AN INVESTMENT AGREEMENT REGARDING PRIME REAL ESTATE ASSETS IN PARIS Kering and Ardian today announced ...

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