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 ...

Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic ...

ROME (AP) — Gucci announced Thursday that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house, starting in July.

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.

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% ...

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 ...

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 appointed Demna Gvasalia as artistic director of Gucci, turning to the Balenciaga designer to inject new life into its ...

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’s new official portrait At Cantino’s side was Francesca Bellettini, Kering deputy CEO in charge of brand development, who noted Demna would wrap his tenure at Balenciaga with an haute ...

However, his tenure at Balenciaga was also marred by controversy in 2022 over an ad campaign involving children, which led to significant backlash. Despite this, Kering retained him, recognizing ...