Turmoil at Gucci: What Sabato De Sarno’s Exit Means for Kering
Kering faces significant challenges as it releases its financial results, following a tumultuous year marked by profit warnings and the recent departure of Gucci’s creative director, Sabato De Sarno. De Sarno’s exit after just two years underscores ongoing struggles at Gucci, once a powerhouse under previous director Alessandro Michele. With a sharp decline in sales and a dramatic increase in net debt, Kering must navigate a complex landscape of financial pressures and strategic missteps. The luxury group’s task is to redefine Gucci’s brand identity and realign it with evolving market demands, ensuring a resilient future for its flagship brand.
#Kering, #Gucci
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