French Luxury Fashion Billionaire François-Henri Pinault Sets Sights on Majority Stake in CAA

French billionaire Francois-Henri Pinault, CEO of luxury fashion group Kering and president of Groupe Artémis, is reportedly in final talks to acquire a majority stake in talent agency CAA in a $7 billion deal. The negotiations come after CAA's recent acquisition of ICM Partners and Pinault's Kering Group's strong presence in the luxury goods industry. However, a deal has not been confirmed yet. This news coincides with the announcement of a strike by actors' union SAG-AFTRA following failed talks with studios and streaming services.