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Kering appoints Francesca Bellettini as Gucci’s new CEO to revive the brand amid declining sales and profits.
Kering has named Francesca Bellettini as the new CEO of Gucci, replacing Stefano Cantino after his brief tenure.
The move is part of a broader leadership overhaul under new Kering CEO Luca de Meo, aimed at revitalizing the struggling luxury brand.
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.
Gucci has faced a 25% sales drop and declining profits, prompting Kering to cut costs, close stores, and restructure.
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.
Kering nombra a Francesca Bellettini como la nueva CEO de Gucci para revivir la marca en medio de la disminución de las ventas y las ganancias.