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 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 big-ticket names as ...

The French luxury-goods company named Demna Gvasalia as Gucci’s new artistic director, as the group seeks a brand turnaround ...

Demna is praised for trend-setting streetwear styles "Exactly what Gucci needs", says Kering's Pinault Analyst says move "not ...

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

Shares of Kering SA nosedived nearly 13% on Friday after the luxury fashion house announced Demna Gvasalia as the new artistic director of Gucci.

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

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 ...

PARIS – Luxury analysts had been plumping for Gucci to name a high-profile creative director to reverse its declining ...

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