Kering, the French luxury goods conglomerate, released its mandatory monthly disclosure detailing its share capital structure as of February 15, 2026. The total number of shares outstanding remains stable at 123,420,778, with theoretical voting rights at 176,675,117 and exercisable voting rights at 175,874,690 after accounting for treasury shares without voting rights. This filing underscores the group’s ongoing commitment to transparency amid a period of strategic repositioning in the luxury sector following a challenging 2025.
Kering Share Capital and Voting Rights Update – February 2026
Kering Société anonyme, with a share capital of €493,683,112 and headquartered in Paris, has published its monthly statement on the total number of shares and voting rights in compliance with French regulatory requirements under articles L.233-8 of the Commercial Code and 223-16 of the AMF General Regulation.
As of February 15, 2026, the key figures are as follows:
Total number of shares composing the share capital: 123,420,778
Theoretical voting rights (calculated based on all shares with voting rights, including treasury shares stripped of voting rights): 176,675,117
Exercisable voting rights (excluding treasury shares without voting rights): 175,874,690
This data reflects no material changes in the total shares outstanding compared to the end of 2025, when the company reported the same figure of 123,420,778 shares. The stability in share count indicates limited activity in share buybacks, issuances, or other capital modifications during the early weeks of February 2026. The difference between theoretical and exercisable voting rights stems primarily from treasury shares that are automatically deprived of voting rights under applicable regulations.
For context, Kering’s share capital has remained consistent at this level since at least late 2025, aligning with a period where the group has focused on operational recovery rather than structural changes to its equity base. The theoretical voting rights figure incorporates double voting rights where applicable under French law for long-held registered shares, contributing to the higher number relative to the share count.
Breakdown of Key Metrics
| Date | Total Shares Outstanding | Theoretical Voting Rights | Exercisable Voting Rights |
|---|---|---|---|
| February 15, 2026 | 123,420,778 | 176,675,117 | 175,874,690 |
| December 31, 2025 | 123,420,778 | (Comparable prior levels) | (Comparable prior levels) |
The premium of theoretical voting rights over shares highlights the impact of double voting rights provisions, a common feature in French-listed companies to reward long-term shareholders. This structure supports governance stability, particularly as major stakeholders like the Artémis group maintain significant influence, holding approximately 42.3% of the share capital as reported at year-end 2025.
Investors monitor these monthly filings closely because shifts in voting rights can signal underlying dynamics such as share repurchases, employee share plan deliveries, or conversions that might affect control or dilution. In Kering’s case, the unchanged share count suggests a steady phase following the group’s 2025 financial results, which included revenue declines but targeted recovery initiatives for 2026 across its core luxury houses like Gucci, Saint Laurent, and Bottega Veneta.
The disclosure also serves as a reminder of Kering’s adherence to transparency standards in the European market. With the upcoming Annual General Meeting scheduled for May 28, 2026, where shareholders will vote on the 2025 financial statements and a proposed ordinary dividend of €3.00 per share (including an interim payment already made), this monthly update provides continuity in reporting ahead of key governance events.
Overall, the February 2026 statement portrays a stable equity profile for Kering at a time when the luxury industry navigates evolving consumer trends, currency fluctuations, and competitive pressures in key markets.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial recommendation, or solicitation to buy or sell securities. Readers should conduct their own research and consult qualified professionals before making investment decisions.