Kering appoints Laurent Claquin as Group Chief Brand Officer amid a 40-45% first-half profit drop.

Kering, owning brands like Gucci and Saint Laurent, appoints Laurent Claquin as new Group Chief Brand Officer. Claquin, who was President of Kering Americas, will lead communications strategy from Paris. He takes over from Valérie Duport's departure in March. The company is facing a 40-45% drop in first-half profits after a 10% Q1 revenue decline. Some believe a more drastic overhaul is needed for Kering to recover.

June 06, 2024
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