rumors of change at the head of the creation of Gucci

A Gucci store in Beverly Hills, California. Adobe Stock

Alessandro Michele, the creative director of the luxury group’s flagship brand, is said to be leaving, according to the American newspaper Women’s Wear Daily.

The American fashion journal Women’s Wear Daily (WWD) published yesterday an article reporting the imminent departure of Alessandro Michelethe creative director of Gucci, the group’s leading brand, both in terms of turnover (52% of global sales) and contribution to Kering’s current operating profitability (66.9%).

According to the publication, a “source said Francois-Henri Pinault, chairman and CEO of Kering, Gucci’s parent company, is considering a change of pace for the group’s flagship brand“, Which would therefore go through a change at the head of the creation of Gucci. It also indicates that a statement from Kering is expected today. For its part, Kering, owner of the Italian brand, did not comment.

Enthusiastic analysts…

If confirmed, such a move would not be trivial, and analysts who follow the value are rather in favor of it. For those of Bernstein, “although it may cause the stock price to wobble…

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