Gucci’s longtime creative director Frida Giannini is leaving, a victim of her own success after her designs became too popular to retain the exclusive cachet their price tags demand.
Gucci holds the luxury spending downturn mainly responsible for its poor performance but the Italian fashion brand may also have itself to blame, suggesting it could be time to change strategy and hire fresh talent.
MILAN, Italy — Italian fashion and leather brand Gucci will take direct control of its shops in Moscow and open two new points of sale in the Russian capital, the company said on Monday.
FLORENCE, Italy — Luxury-goods makers are adapting as demand for premium products aligns with the broader economy for the first time in a decade, the chief executive officer of Gucci Group said.
What Drives Stella McCartney (NYT) “She may be one of the most interesting designers in the world today, but when she started out, the fashion world didn’t have many nice things to say about Stella McCartney… Where she has succeeded since then is in designing for exactly who she is. Now 40 years old, she has developed a witty, down-to-earth approach to dressing women like her.” Cucinelli Upbeat Ahead of IPO (WWD)