Once one of the industry's biggest success stories, Gucci has suffered a prolonged sales decline, with revenue down 24% in the fourth quarter of 2024. Demna, known by only his first name, has ...

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 ...

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 ...

PARIS/MILAN (Reuters) -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 ...

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 ...

(Reuters) -Italian luxury brand Gucci has appointed Georgian designer Demna as its artistic director, owner Kering said on Thursday, as it tries to revitalise its struggling flagship label and ...

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 ...