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 ...

Kering shares dropped a significant 12% on Friday morning, following the announcement of Demna’s appointment at Gucci on Thursday afternoon.

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, ...

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

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

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 ...

The Georgian creative will wrap up his tenure at Balenciaga with a couture show on July 9. His successor has yet to be named.

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.