"It wouldn't make sense to have Italian Gucci bags made in Texas," judge François-Henri Pinault

The CEO of the luxury Kering group, Breton François-Henri Pinault, was interviewed this Tuesday, May 13 by the Senate's commission of inquiry into state aid to large companies. His group owns brands like Gucci or Yves Saint-Laurent. For him, it is not logical to relocate, "not in the United States, nor in China".

Questioned by parliamentarians, Kering's CEO, reaffirmed the importance of preserving the European craft identity of the Group's brands.