City Party Secretary meets Kering Group boss

Shanghai Party Secretary Li Qiang met François-Henri Pinault, chairman and CEO of Paris-based Kering Group, in Shanghai yesterday.

Shanghai is the largest cosmopolitan city in China and the dynamic business environment is a golden name-card of Shanghai. The city is working hard to improve the business environment for foreign companies and provide them with better services, Li told his guest.

The 2nd China International Import Expo will be held in Shanghai in November, Li noted, adding that the city welcomes Kering Group to join the expo to exhibit their outstanding products and services and share development opportunities.

He hoped Kering Group will launch new products, flagship platforms and innovative projects in the city.

In his reply, Pinault said that China is the most important market for Kering Group overseas, and the group is optimistic about the development of the Chinese market and will increase investment in the country.

Zhuge Yujie, secretary-general of the CPC Shanghai Committee, also attended the meeting.

Kering is one of the world’s largest owners of luxury brands, such as Gucci, Puma, Alexander McQueen and Saint Laurent. The group opened its China headquarters in Shanghai in 2013.