Gucci power couple depart
Patrizio di Marco, who has headed Gucci for six years, will leave as of January 1 and will be replaced by Marco Bizzarri, a statement released by parent company Kering said on Friday.
Bizzarri served as CEO of Bottega Veneta for more than five years before heading up Kering’s Luxury Couture & Leather Goods Division in April.
Gucci creative director and Di Marco’s partner, Frida Giannini, who has been with the house for 12 years, will leave at the end of February, after showing her 2015 autumn/winter collection.
Her replacement has not yet been announced.
Rumours that Di Marco would be replaced at the helm of the global style powerhouse have swirled for months, as Gucci’s sales have steadily slid since 2013.
The Italian brand is the prized jewel for Kering, the luxury goods holding company that owns brands like Bottega Veneta and Stella McCartney.
Gucci’s new boss Bizzarri oversaw a “dramatic” increase of sales and profit during his time at the helm of Bottega Veneta from January 2009 to April 2014, when he was appointed to head up Kering’s Couture and Leather Goods division.
The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip1 week ago
Retail in Melbourne to be forced to close from 11:59pm this Wednesday. Contactless click-and-collect and online del… https://t.co/8um79lnp761 week ago