Kering shares took a hit this week after Gucci announced that Balenciaga’s Demna would be stepping into the role of Artistic Director, effective this July. Per a report from Reuters, which also pointed to 2024 sales dips for Gucci at large, the Demna reveal was followed by a shares fall …
Gucci is struggling. Gucci may be desperate. Today, the Italian house announced its appointment of Demna as its new Artistic Director. He will begin his tenure in July of this year, and present his first collection in September. Demna is Gucci’s first “celebrity” designer in the brand’s 100-plus-year history. Following …
