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Kering SA (Kering or 'the group'), formerly known as PPR, is a global conglomerate engaged in developing high growth consumer and luxury brands. The group has operations in Europe, the Americas, Asia Pacific, the Middle East and Africa. It is headquartered in Paris, France, and employed 31,415 people as of December 31, 2013. The group recorded revenues of E9,748.4 million (approximately $12,945.9 million) during the financial year ended December 2013 (FY2013), an increase of 0.1% over FY2012. The operating profit of the group was E1,307.6 million (approximately $1,736.5 million) in FY2013, a decrease of 26% over FY2012. The net profit was E869.4 million (approximately $1,154.6 million) in FY2013, a decrease of 34.3% over FY2012.
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