{"id":17876,"date":"2023-07-14T20:39:29","date_gmt":"2023-07-14T20:39:29","guid":{"rendered":"https:\/\/nerdism.com\/?p=17876"},"modified":"2023-07-15T17:38:24","modified_gmt":"2023-07-15T17:38:24","slug":"francois-henri-pinault-eye-on-caa-majority-stake","status":"publish","type":"post","link":"https:\/\/nerdism.com\/francois-henri-pinault-eye-on-caa-majority-stake\/","title":{"rendered":"French Fashion Tycoon Fran\u00e7ois-Henri Pinault Sets Sights on CAA Majority Stake"},"content":{"rendered":"\n

French billionaire Fran\u00e7ois-Henri Pinault, renowned for his success in the luxury fashion industry as the CEO of Kering, is now making waves in the world of entertainment. According to an unconfirmed report by Bloomberg News, Pinault is currently engaged in final negotiations to acquire a majority stake in Creative Artists Agency (CAA) in a groundbreaking deal worth a staggering $7 billion! <\/p>\n\n\n\n

This move marks a significant shift for Pinault, who, in addition to his fashion empire, also serves as the president of Groupe Art\u00e9mis, the parent holding company of Kering. <\/p>\n\n\n\n

Fran\u00e7ois-Henri Pinault’s Potential CAA Stake Amidst Actors’ Strike and Previous Mega Agency Merger<\/h2>\n\n\n
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Source: \u00c9ric Piermont\/AFP<\/figcaption><\/figure><\/div>\n\n\n

The news of a potential deal between Fran\u00e7ois-Henri Pinault and Creative Artists Agency (CAA) emerged shortly after SAG-AFTRA, the actors’ union, announced an imminent strike in Los Angeles due to failed discussions with studios and streaming services. <\/p>\n\n\n\n

While talks between Pinault and CAA are reportedly in advanced stages, the outcome remains uncertain. These negotiations follow closely on the heels of CAA’s acquisition of ICM Partners for $750 million, which formed a powerhouse agency valued at approximately $5 billion.<\/p>\n\n\n

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Source: AXELLE\/BAUER-GRIFFIN\/FILMMAGIC<\/figcaption><\/figure><\/div>\n\n\n

Fran\u00e7ois-Henri Pinault’s Kering Group and Its Diverse Holdings<\/h2>\n\n\n\n

CAA, the talent agency, gained support from private equity group TPG Capital with a 35% stake in 2010. Fran\u00e7ois-Henri Pinault’s Kering Group, a leading luxury goods conglomerate, competes with LVMH. Kering’s luxury brands include Gucci, Saint Laurent, Balenciaga, Alexander McQueen, Brioni, and Bottega Veneta. <\/p>\n\n\n

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Source: MICHAEL TRAN\/AFP via Getty Images<\/figcaption><\/figure><\/div>\n\n\n

Kering’s involvement in cinema extends through the Kering Foundation’s Women in Motion initiative at Cannes Film Festival. Notably, Kering’s Saint Laurent label entered film production, collaborating with directors like Pedro Almod\u00f3var, David Cronenberg, and Paolo Sorrentino. <\/p>\n\n\n\n

Groupe Art\u00e9mis, Kering’s parent holding company, owns diverse assets such as Puma, Christie’s, Le Point magazine, the Breizh Caf\u00e9 chain, and the Stade Rennais F.C. soccer team, sporting Balenciaga-designed kits.<\/p>\n","protected":false},"excerpt":{"rendered":"

French billionaire Fran\u00e7ois-Henri Pinault, renowned for his success in the luxury fashion industry as the CEO of Kering, is now making waves in the world of entertainment. According to an unconfirmed report by Bloomberg News, Pinault is currently engaged in final negotiations to acquire a majority stake in Creative Artists Agency (CAA) in a groundbreaking […] More<\/a><\/p>\n","protected":false},"author":26,"featured_media":17882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,310,11],"tags":[3505,3499,3509,3502,2124,3503,333,3501,1126,3506,2882,3507,1607,1444,1519,3504,3508,1608,3498],"_links":{"self":[{"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/posts\/17876"}],"collection":[{"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/comments?post=17876"}],"version-history":[{"count":3,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/posts\/17876\/revisions"}],"predecessor-version":[{"id":17931,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/posts\/17876\/revisions\/17931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/media\/17882"}],"wp:attachment":[{"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/media?parent=17876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/categories?post=17876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nerdism.com\/wp-json\/wp\/v2\/tags?post=17876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}