BUSINESS OF FASHION: GUCCI’S FRIDA GIANNINI LEAVES THE PARTY EARLY
In a surprise move, former Gucci Creative Director Frida Giannini departed a month earlier than expected from the luxury retailer. New CEO Marco Bizzarri took over Gucci this month in a restructuring first announced in December by the brand’s parent company, Kering SA. Giannini officially left her post last week, according to The Business of Fashion.
Giannini’s exit coincided with that of former CEO and life partner Patrizio di Marco as profit flagged at the Italian label. Giannini left less than a week before the start of the Fall/Winter menswear collections in Milan.
Kering stock ticked up 2% to 162.15 Euros this morning.
Images via Gucciby