The markets seem to share this fear, as Kering’s shares fell 12% after the announcement, bringing them to a value of just over $27 billion. But I wouldn’t expect this. Though Demna fell in a rut at ...

Puskar, File) ROME (AP) — Gucci announced Thursday that the Balenciaga artistic director Demna will take over the creative ...

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% ...

Demna has been at Kering-owned Balenciaga for a decade. He brings with him the title of artistic director. “I am truly excited to join the Gucci family,’’ he said in a statement.

He will be in charge of women’s wear, men’s wear and accessories. Gucci and Balenciaga are owned by Kering, the French conglomerate that also owns Saint Laurent, McQueen, Brioni and Bottega ...

Kering, which also owns Bottega Veneta, Saint Laurent and McQueen, praised Demna’s tenure at Balenciaga, where he has been creative director since 2015, during which he “redefined modern ...

Kering’s shares fell by up to 13% in Paris and posted their worst day in almost a year following the appointment of Balenciaga designer Demna. Kering’s shares closed down 11%. Although widely ...

Demna, who goes by one name, has been at Kering-owned Balenciaga for a decade. He brings with him the title of artistic director. “I am truly excited to join the Gucci family,’’ he said in a ...

Gucci Names Demna New Aristic Director, as He Moves From Kering Sister Brand Balenciaga ROME (AP) — Gucci announced Thursday that the Balenciaga artistic director Demna will take over the ...

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 ...