Gucci news and archive

Chiara Baravalle appointed general manager of Dsquared2

Chiara Baravalle is the new general manager of Canadian-Italian fashion brand Dsquared2, with immediate effect. Baravalle will lead the company's global strategy, operations and continued expansion. She will report directly to founders and creative directors Dean and Dan Caten, a statement explained. Baravalle's appointment coincides with a new...

Fashion

Gucci to present Cruise 2027 collection in New York

Gucci will present the Cruise 2027 collection in New York on May 16. The show will mark Demna’s debut for the house’s cruise line, following the designer’s debut collection in February. The US city holds a fundamental place in Gucci’s history. In 1953, the house opened its first overseas boutique in New York, initiating the brand’s international...

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Business

Kering launches “House of Dreams”: why this internal fund is at the heart of its strategic overhaul

Kering has quietly laid a major cornerstone of its transformation strategy. Luca de Meo, appointed chief executive officer (CEO) in June, has proposed the creation of a new investment entity named House of Dreams. This entity is designed to identify, acquire stakes in, and grow emerging brands to reduce the group's heavy dependence on Gucci. The...

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Business

Gucci continues to weigh on results: Kering reports 10 percent revenue decline in Q3

Kering announced a 10 percent revenue decline for the third quarter on Wednesday. This is the first financial release since Luca de Meo took office in September as the new chief executive officer, tasked with getting the luxury group back on track. Revenue fell to 3.4 billion euros, a decline less severe than in previous quarters. However,...

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Business

L'Oréal deal to 'help us lighten the ship and relaunch our fashion brands' - Kering's Luca de Meo

Kering, which has been trying to revive its flagship brand Gucci for years, will present its third-quarter revenue on Wednesday. This is the first financial publication since Luca de Meo's arrival in September as chief executive officer to turn around the luxury group. This publication comes 72 hours after the announcement of the sale of...

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Business

An analysis of Kering Beauté's refocusing strategy and sale to L’Oréal

Far from a hasty analysis, the sale of Kering's beauty division to L’Oréal for approximately four billion euros is more than a simple divestment. It is a decisive move, driven by an undeniable logic of debt reduction and refocusing. FashionUnited breaks down the five operational reasons behind this major transaction. “So, Kering selling its ‘...

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Business

EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

Video

Video: ‘The Tiger’ presented by Gucci

The short film ‘The Tiger’, presented by Gucci and directed by Spike Jonze and Halina Reijn, premiered in Milan on September 23. It showcases looks from the ‘Gucci: La Famiglia’ collection by new creative director Demna Gvasalia. “The story of The Tiger follows Barbara Gucci, head of Gucci International and chairman of California, as she gathers...

Fashion

Gucci: Demna unveils brand's new direction

Gucci's new creative director, Demna Gvasalia, has offered a first glimpse into Gucci's future. On Monday, the designer presented ‘La famiglia’, "the beginning of a new, brazen, sexy, excessive and provocative era", according to a press release. The Gucci ‘La famiglia’ collection explores all the nuances of "Gucciness": the essence of Gucci as a...

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People

Kering: Francesca Bellettini appointed president and CEO of Gucci

Her departure had been rumoured for weeks, and this afternoon, it was confirmed. Gucci released a statement announcing Stefano Cantino’s decision to leave the company. In a separate statement, the French company announced Francesca Bellettini as the new CEO and president of Gucci. Cantino’s exit and Bellettini’s appointment as head of Gucci...

People

Rumours of CEO change at Gucci: Is Francesca Bellettini taking the reins?

New Kering chief executive officer Luca de Meo is wasting no time restructuring the French luxury group. Following his official start date on Monday, September 2, a significant change at the helm of Gucci is already emerging. As reported by trade media outlets such as Business of Fashion and Women’s Wear Daily, Gucci CEO Stefano Cantino is...

Retail

Gucci Italia employees protest over unpaid welfare benefits

Approximately 1,000 retail and logistics employees at Kering-owned Gucci Italia are staging a protest. In a statement, trade unions Filcams Cgil, Fisascat Cisl and Uiltucs declared industrial action. This follows the company's refusal to distribute welfare payments, as stipulated in an expired collective agreement. The unions highlighted how...