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flag Kering appoints Francesca Bellettini as Gucci’s new CEO to revive the brand amid declining sales and profits.

flag Kering has named Francesca Bellettini as the new CEO of Gucci, replacing Stefano Cantino after his brief tenure. flag The move is part of a broader leadership overhaul under new Kering CEO Luca de Meo, aimed at revitalizing the struggling luxury brand. flag Bellettini, a former banker and deputy CEO at Kering, has overseen several key brands and brings experience from her time as CEO of Saint Laurent. flag Gucci has faced a 25% sales drop and declining profits, prompting Kering to cut costs, close stores, and restructure. flag Bellettini’s appointment signals a shift toward a leaner organization and renewed focus on brand identity, particularly in key markets like China and the U.S. She will work closely with Balenciaga’s Demna as Gucci seeks to regain its market relevance.

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