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Gucci names Balenciaga's Demna Gvasalia as new creative chief to boost sales after a 23% drop.
Luxury fashion brand Gucci, owned by Kering, has appointed Demna Gvasalia, known for his work at Balenciaga, as its new chief creative officer to revive the brand following a 23% decline in sales.
Demna, a provocative designer with a strong following among Gen Z, has increased Balenciaga's sales from $350 million to $2 billion.
Despite facing controversies, his unique and edgy designs have driven attention and sales, contrasting with Gucci's recent slump that led to the firing of its previous creative director Sabato de Sarno.
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Gucci nombra a Demna Gvasalia de Balenciaga como nueva jefa creativa para impulsar las ventas después de una caída del 23 por ciento.