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,
The markets seem to share this fear, as Kering’s shares fell 12% after the announcement, bringing them to a value of just over $27 billion. But I wouldn’t expect this. Though Demna fell in a rut ...
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 ...
Kering, which also owns Bottega Veneta, Saint Laurent and McQueen, praised Demna’s tenure at Balenciaga, where he has been ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback