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Head of Luxury Goods Maker Kering Buys Majority Stake in Talent Agency CAA

CAA’s clients include some of the biggest celebrities: Tom Hanks, Steven Spielberg and Zendaya — as well as Mr. Pinault’s wife, the actress Salma Hayek Pinault, who is often next to her husband in the front row of fashion shows, and who often wears Gucci and Balenciaga gowns on the red carpet.

The deal offers Artémis “increased diversity, both in terms of geographical footprint and business activities, to our other assets,” Mr. Pinault said in a statement. “CAA’s exceptional insight, relationships and access across key sectors, combined with their widely regarded level of collaboration and innovation, gives the company a formidable role in driving global opportunities.”

CAA has been led by the powerhouse team of Bryan Lourd, Kevin Huvane and Richard Lovett, and they will remain as chairmen, according to a news release about the deal. Mr. Lourd will be named chief executive when the deal closes.

Along with the appointment of the music producer Pharrell Williams as creative director of Louis Vuitton men’s wear, the CAA acquisition reflects just how important access to celebrity has become to the fashion world — and how important fashion is to celebrities. Especially during the actors’ strike, as commercial work with brands remains one of the few avenues of income and profile-raising that the union, SAG-AFTRA, approves.

In 2010, the private equity firm TPG took a 35 percent stake in CAA, then broadened its hold on the talent agency to 53 percent four years later. Artémis is acquiring that majority stake, according to the news release, though it did not specify the price.


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