Kering' New Gucci Designer To Join In Q2: Report

by Shivani Kumaresan, Benzinga Staff Writer

February 15, 2023 9:30 AM | 1 min read | Make a Comment

Luxury goods company Kering SA PPRUF CEO Francois-Henri Pinault reportedly said, the new creative director for Gucci, Sabato De Sarno is expected to join in the second quarter.
Gucci announced the appointment of De Sarno in January after parting ways with its famous designer Alessandro Michele in November 2022, Reuters reported.
The move came as the fashion label’s sales lagged competitors.
De Sarno is slated to present his first fashion collection in September and his product range will come to stores in early 2024.
Gucci’s FY22 revenue grew 8% Y/Y to €10.5 billion.
Price Action: PPRUF shares closed higher by 1.23% at $610.80 on Tuesday.
Photo Via Company