Kering investors are bracing for more pain when the French luxury group reports results this week after the abrupt exit of Gucci’s creative director capped a testing period for the French luxury group.
Sabato De Sarno’s departure was announced on Thursday just two years after he was brought in to lead a creative revamp at Kering’s biggest brand by sales and profits following years of flagging performance.
The move follows a tough 2024 in which Kering issued several profit warnings — a rarity in luxury — as sales and profits slid.
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