The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Gucci Creative Director Frida Giannini has left the fashion house a month earlier than planned as a new chief executive officer begins the task of reviving the brand.
Giannini exited the company last week, a spokeswoman for the brand’s owner Kering SA said today. The men’s and women’s collections will be presented as planned on Jan. 19 and Feb. 25 respectively, Gucci said in a statement. An announcement on Giannini’s successor will be made “in due course,” the maker of $650 horsebit loafers said.
Marco Bizzarri started as CEO this month as Kering shakes up its biggest brand after five quarters of little to no growth. Kering announced last month that Giannini and former CEO Patrizio Di Marco, her partner, were leaving.
“I would like to take this opportunity to acknowledge the outstanding contribution that Frida Giannini has made to Gucci’s legacy during her nine-year tenure as creative director,” Bizzarri said in the statement.
ADVERTISEMENT
Kering shares were up 1.6 percent at 161.50 euros as of 2:27 p.m. in Paris.
By: Andrew Roberts; editors: Celeste Perri and John Bowker.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.