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 ...

Once one of the industry's biggest success stories, Gucci has suffered a prolonged sales decline, with revenue down 24% in the fourth quarter of 2024. Demna, known by only his first name, has ...

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 ...

Demna — who only goes by his first name, as of 2021 — will begin his new role in early July, Gucci owner Kering confirmed to CNN via a press release. However, in a sign investors didn’t take ...

There are also likely benefits of promoting internally as Demna will be familiar with Kering processes and culture.” However, investors are likely to question why Kering initially went with an ...

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 ...

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 ...

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 ...