Kering: Alessandro Michele could leave Gucci – 11/23/2022 at 09:54


(CercleFinance.com) – Alessandro Michele, the creative director of Gucci could leave the brand according to WWD.

A person interviewed by WWD said that the group wanted to initiate a strong design change, but Alessandro Michele reportedly did not respond to the request. Another WWD source reportedly also said Francois Henri Pinault wanted a change of pace for Gucci.

‘ His departure could have an initially negative impact, given the aura from which he has benefited and a contribution to creation that has gone far beyond his sole involvement in the creation of Gucci to participate in the development of other brands in the world. Kering group’ indicates Invest Securities.

‘ We are not convinced that the (relative) difficulties of the Gucci brand in the recent period can be mainly attributed to it, in part because the said difficulties relate to a situation specific to the brand, in this case its Chinese exposure (with a focus on a young clientele more sensitive to the effects of the economic situation) but also its broader dependence on the market of tourist flows’ adds Invest Securities.



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