bonyadi magazine
Marco Bizzarri, Gucci’s CEO since 2015, is set to exit Italy’s biggest fashion brand. Parent company Kering’s managing director Jean-François Palus will take the reins for a transitional period, the group said Tuesday
Bizzarri led the brand through a period of exponential growth in revenue and profits alongside creative director Alessandro Michele, who exited the house last November. But the company took a harder hit during the pandemic than its mega-brand peers, then struggled to bounce back, in part due to its high dependence on travelling shoppers and aspirational luxury consumers who broadly bought into Michele’s exuberant vision
Read the full story, including why parent company Kering’s managing director Jean-François Palus will take the reins for a transitional period
