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Kering
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Taking over a beauty portfolio that gives L’Oréal control over Kering’s fashion names in fragrance, makeup and more.
Francesca Bellettini, currently Kering’s deputy CEO for brand development, is expected to succeed Stefano Cantino.
Adding yet another brand to a growing wave of labor scandals rocking the luxury sector.
The 15% duty on US-bound goods fuels the already uncertain landscape for houses like Louis Vuitton, Gucci, Chanel, and Hermes.
The current chief executive at Renault will assume his new position on September 15.
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Kering reported that its revenue fell by 14% first quarter of 2025, echoing slowed growth reported by LVMH earlier in the week.
Dedicated to the long-lasting legacy of the 1947 Bamboo Bag.
Analysts called Demna a “risky pick for much larger label Gucci with its reputation for timeless elegance.”
The Georgian designer, known for retro-glamour and satirical motifs, has departed after nearly a decade at the brand.
Kering continues to face headwinds after Gucci faces one of its biggest drops since Creative Director Sebato De Sarno’s leadership.
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