(CercleFinance.com) – UBS reiterates its neutral advice on value with a target of 540 E after the appointment at Gucci.
‘ This weekend, Kering announced the appointment of Sabato De Sarno as Chief Creative Officer of its largest brand, Gucci (~75% of group EBIT). In November 2022, the company unexpectedly parted ways with its longtime chief designer, Alessandro Michele’ recall UBS.
‘ In his new role, Sabato De Sarno will direct the creative studio of the house, and will thus be responsible for defining and expressing the creative vision. He will present his first collection during Milan Women’s Fashion Week in September 2023,’ the group said.
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