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 ...

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 ...

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 ...

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 ...

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 ...