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Top two at Gucci depart amid falling sales

12/12/2014
Top two at Gucci depart amid falling sales
Luxury group Kering has announced the departure of the pair in charge of Gucci, following declining sales.

CEO Patrizio di Marco will leave on January 1, while creative director Frida Giannini will leave after she completes the Fall/Winter 2015-2016 womenswear collection on 25 February, 2015.

Mr Di Marco is being replaced by Marco Bizzarri, formerly CEO of leather brand Bottega Veneta and currently Gucci’s head of leathergoods.

François-Henri Pinault said: “Today, Gucci is one of the most iconic, well-known and prominent luxury brands in the world, thanks to the hard work and dedication of all of its employees. As for Marco, after successfully setting up Kering’s ‘Couture & Leather Goods’ division in only a few months, I am fully confident that he will now build on Gucci’s extraordinary legacy to have the 93-year-old house enter a new momentum and continue to write bright chapters of its exceptional history.”

Related stories:

Bottega Veneta growing in importance for Kering as luxury sales rise 26/10/2015
Kering appoints leathergoods leader 28/07/2015
Troubles at Gucci but Bottega grows strongly 22/04/2015
Kering will share Gucci and Bottega Veneta leather breakthroughs 03/12/2014
Gucci, Prada and Lanvin take part in special FT auction 19/11/2014
Kering confident in leather 24/10/2014
Kering names new head of business for Asia Pacific 24/09/2014

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