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 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.

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

Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its ...

Gucci and its French parent Kering said in a statement that Demna “has redefined modern luxury, earning global recognition and cementing his authority on the industry.’’ Demna, who goes by one name, ...

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 ...

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

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

Kering (PPRUF) has experienced 6 consecutive quarters of revenue declines, struggling to maintain growth. Read why I remain bearish on the stock.

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

There has been no official announcement regarding his Gucci runway debut, but customers and critics quickly criticized if the ...

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 ...