Kering SA appointed Balenciaga designer Demna Gvasalia to oversee a makeover of its struggling Gucci fashion label, disappointing investors who had expected a high-profile external hire.

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 lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its ...

Francois-Henri Pinault’s Fashion Empire & Cannes Sponsor Kering Sees Shares Plunge Following Gucci Appointment ...

Kering lost nearly $3 billion in market value due to appointing in-house designer Demna to lead Gucci’s creative direction, ...

Gucci recently named Demna, the mononymic designer who transformed Balenciaga from a niche luxury house into one of the most ...

Luxury group Kering (Gucci, Saint Laurent) and investment firm Ardian have closed their investment transaction regarding a ...

Kering's (PPRUF) 2024 sales fell 12%, EBIT was down 46%, with a year-end net debt of €10.5 billion. Read why I remain neutral ...

Dolce & Gabbana, LVMH's Louis Vuitton and Kering's Gucci are set to anchor a new luxury retail development in South Africa's ...

There has been no official announcement regarding his Gucci runway debut, but customers and critics quickly criticized if the ...

Kering's appointment of Demna raises questions about how Gucci’s brand identity will evolve under his leadership.

Demna is headed over to Gucci as the new creative director starting from July. Maybe we'll see another Balenciaga x Gucci ...