Gucci parent Kering’s shares plummet on pick of new design chief: ‘Who is driving the bus?’
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion’s big-ticket names as chief designer.
Kering shares plunge as market rejects Gucci's pick of Demna as design chief
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion's big-ticket names as chief designer.
Kering shares plunge 13% after Demna Gvasalia named as Gucci's artistic director
Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.
Kering’s Shares Drop After Appointment of Demna as Gucci’s New Artistic Director
The French luxury-goods company named Demna Gvasalia as the new artistic director of its flagship label Gucci, as the group seeks a brand turnaround amid a challenging market backdrop for luxury names.
Kering shares plunge after it picks in-house designer for key Gucci brand
By Tassilo Hummel and Piotr Lipinski PARIS (Reuters) -Kering shares dropped sharply on Friday morning after the group led by Francois-Henri Pinault chose to bet on subversive in-house talent Demna to reinvigorate its Gucci label rather than hiring a big-ticket name from fashion's overheating jobs market.
Gucci Names Demna New Artistic Director
Gucci announced Thursday that the Balenciaga artistic director Demna will take over the creative direction of the Italian luxury fashion house, starting in July. Gucci and its French parent Kering said in a statement that Demna “has redefined modern luxury,
Kering’s shares tumble 10% as investors agonize over Gucci’s new artistic director. But the ‘iconoclast’ might be what the brand needs
Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.
Design chief De Sarno leaves Gucci as brand seeks revival
Gucci design chief Sabato De Sarno is leaving the Italian flagship label after less than two years in the job, owner Kering said on Thursday, as the brand strives to attract wealthier shoppers and ...
PurseBlog1d
Gucci Taps Balenciaga’s Demna to Lead Its Revival
Earlier this month, a not-so-shocking announcement came from the House of Gucci. The brand would be parting ways with its ...
The Cool Hour3d
Gucci Fall 2025 Collection: What Comes After Sabato De Sarno’s Exit
Collection from Gucci was not a showcase of a new designer's vision but rather a collaborative effort by the studio team.
Daisy Edgar-Jones Brings a Niche British Subculture Way of Dressing Stateside
Jones joined her On Swift Horses castmates Diego Calva, Jacob Elordi, Will Poulter, and Sasha Calle onstage to introduce the ...
The Star13d
What happens to a fashion house when its chief designer abruptly leaves?
De Sarno was present, for example, in the lingerie-inspired halter-neck lace bodysuits paired with frumpy tweed pencil skirts, and in the candy pink slip dresses.
News-Press NOW1mon
Gucci ousts chief designer De Sarno after sales slump
Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label. De Sarno was appointed ...
HERO MAGAZINE2d
Demna is the new creative director of Gucci
His creative power is exactly what Gucci needs. As I thank him for everything he has accomplished over the past 10 years, I ...
FashionUnited1d
Demna’s unexpected move to Gucci: A new era for the Florentine house
Will Demna’s design DNA be similar at Gucci to what it is at Balenciaga, or will his proposal offer a new aesthetic and new ...