Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, known as Demna in the ...

Kering’s shares took a beating on Friday as they fell 10% after the French luxury giant announced the new creative lead for its biggest brand, Gucci. Demna Gvasalia, a Georgian-born designer who ...

Shares in Kering tumbled after 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 ...

His appointment at Gucci signals an exciting evolution for the storied house, which has been seeking a renewed creative identity after recent leadership transitions. Kering, Gucci’s parent ...

Much rides on Demna making a success of his appointment. Gucci, which accounts for just under half of Kering sales, reported a 23% drop in sales to €7.65B ($8.34B) for 2024, in figures released ...

Gucci, which accounts for just under half of Kering sales, reported a 23% drop in sales to €7.65B for 2024, in figures released in February, following a 6.0% dip in 2023.