"It's been a hard path, but we have established a robust foundation to go ahead with our strategy," Pinault told a press conference on Friday following the publication of the group's 2013 results, which showed a 95.2 percent drop in net profit, heavily impacted by Kering's ongoing reconstruction efforts. In 2013, recurring operating income fell 2.3 percent to 1.75 billion euros, or $2.32 billion.