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 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 ...

Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

Shares in Kering rose on Wednesday with analysts suggesting investors are looking past another weak quarter of earnings at ...

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 ...

Demna remains at Balenciaga until July, with his first show for Gucci happening in September, meaning they’ll only hit stores in 2026. It’s a risky appointment, but Kering couldn’t afford to be ...

The French luxury group is preparing for the arrival of new CEO Luca de Meo by ramping up store closures, but has no plans to ...

Gvasalia, known as Demna in the industry, joins internally from Kering-owned Balenciaga. He replaces Sabato De Sarno, whose departure was announced last month. Shares closed down 10.7%, paring ...

Demna, a Georgian national and Gucci's first non-Italian artistic director since Tom Ford, served for almost a decade at Kering's smaller label Balenciaga. He is known for bringing streetwear into ...