Kering’s Pick to Revamp Gucci Designs Falls Flat With Investors
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.
Gucci's pick of Demna as new design chief unsettles Kering investors
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion's big-ticket names as chief designer.
Kering’s Shares Drop After Appointment of Demna as Gucci’s New Artistic Director
The French luxury-goods company named Demna Gvasalia as the new artistic director of its flagship label Gucci, as the group seeks a brand turnaround amid a challenging market backdrop for luxury names.
Kering’s shares tumble 10% as investors agonize over Gucci’s new artistic director. But the ‘iconoclast’ might be what the brand needs
Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.
Kering Shares Down 10% After Appointment of Demna as Gucci Designer
PARIS (Reuters) - Kering shares tanked on Friday morning after the group led by Francois-Henri Pinault chose to bet on subversive in-house talent Demna to reinvigorate its Gucci label rather than hiring a big-ticket name from fashion's overheating job market.
Kering Stock Tumbles After Edgy Designer Demna Named to Lead Gucci
Shares in Kering sank, after the French fashion conglomerate named the provocative designer Demna as artistic director of Gucci, its largest brand. Kering stock recently stood more than 13% lower, putting the shares on course for one of their biggest one-day drops on record,
Kering Shares Fall 12% After Demna's Gucci Appointment
Kering shares dropped a significant 12% on Friday morning, following the announcement of Demna’s appointment at Gucci on Thursday afternoon.
Kering shares plunge as market rejects Gucci's pick of Demna as design chief
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion's big-ticket names as chief designer.
Kering shares plunge 10% after Demna Gvasalia named as Gucci's artistic director
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 appoints Demna as Gucci's artistic director
Italian luxury brand Gucci has appointed Georgian designer Demna as its artistic director, owner Kering said on Thursday, as ...
Kering SA (0IIH) Receives a Hold from RBC Capital
RBC Capital analyst Piral Dadhania maintained a Hold rating on Kering SA (0IIH – Research Report) today and set a price target of €260.00. The ...
Kering’s Choice of Insider to Revamp Gucci Prompts Selloff
Kering SA disappointed investors by naming an internal designer to oversee a makeover of its struggling Gucci brand, turning ...