Kering' New Gucci Designer To Join In Q2: Report

Author: Shivani Kumaresan | February 15, 2023 10:30am

Luxury goods company Kering SA (OTC:PPRUF) CEO Francois-Henri Pinault reportedly said, the new creative director for Gucci, Sabato De Sarno is expected to join in the second quarter.
Gucci announced the appointment of De Sarno in January after parting ways with its famous designer Alessandro Michele in November 2022, Reuters reported.
The move came as the fashion label’s sales lagged competitors.
De Sarno is slated to present his first fashion collection in September and his product range will come to stores in early 2024.
Gucci’s FY22 revenue grew 8% Y/Y to €10.5 billion.
Price Action: PPRUF shares closed higher by 1.23% at $610.80 on Tuesday.
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