Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.

Kering SA appointed Balenciaga designer Demna Gvasalia to oversee a makeover of its struggling Gucci fashion label, disappointing investors who had expected a high-profile external hire.

Luxury group Kering (Gucci, Saint Laurent) and investment firm Ardian have closed their investment transaction regarding a ...

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 ...

Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.

Francois-Henri Pinault’s Fashion Empire & Cannes Sponsor Kering Sees Shares Plunge Following Gucci Appointment ...

ROME (AP) — Gucci announced Thursday that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house, starting in July.

Shares of Kering SA nosedived nearly 13% on Friday after the luxury fashion house announced Demna Gvasalia as the new artistic director of Gucci.

Kering appointed Demna Gvasalia as artistic director of Gucci, turning to the Balenciaga designer to inject new life into its ...

Kering (PPRUF) shares are slumping after Demna Gvasalia (known mononymously as Demna), the creative director of Balenciaga, was appointed as the new head of Gucci. Morning Brief hosts Brad Smith and ...

The Georgian designer, known for retro-glamour and satirical motifs, has departed after nearly a decade at the brand.

Demna’s new official portrait At Cantino’s side was Francesca Bellettini, Kering deputy CEO in charge of brand development, who noted Demna would wrap his tenure at Balenciaga with an haute ...