Gucci's Creative Director Michele Is Exiting The Brand
November 23, 2022
Creative director Alessandro Michele is leaving Italian fashion house Gucci, the biggest brand of French luxury group Kering, Women's Wear Daily (WWD) reported late on Tuesday.
"Could a major change be taking place at Gucci? Well-placed sources here say that creative director Alessandro Michele is exiting the brand," WWD said in a report from Milan
Gucci has been successfully revamped with a bold new style since Michele took over the top creative role at Gucci in January 2015.
"After 7 years in charge of Gucci's creative engine, it may well be time for a change, and consensus amongst institutional investors appears to be forming that a new approach is required to re-ignite the brand," RBC analysts said in a note
"Overall, the notion of change in creative lead at Gucci is likely to be viewed positively by the market, and in Kering's share price," they added.
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