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

CAA’s clients include some of the most well-known 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 the Gucci and Balenciaga fashion shows, two of the brands owned by Kering, and who wears their 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 trio 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.

The private equity firm TPG first took a 35 percent stake in CAA in 2010, before broadening 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 tag.

The agency’s rivals, meanwhile, have raced to scale up to strengthen their negotiating power with streaming powerhouses like Amazon, Netflix and Apple.


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