A Gucci Store, Operate by Keering Sa, In the Sanlitun Area of Beijing, China, on Saturday, Oct. 12, 2024.
Bloomberg | Bloomberg | Getty Images
Shares of Kering Plunged on Friday after the company Announced that Demna Gvasalia would take the reins as new artistic director of its ailing gucci fashion line.
Gvasalia, who joins from Balenciaga, Replaced Sabato de Sarno, Whoose Departure was Announced Last Month.
Shares was down 10.37% by 8:19 am London Time.
This is a developing story and will be updated shortly.
(Tagstotranslate) Breaking News: Europe (T) Markets (T) Breaking News: Markets (T) Keering Sa (T) Luxury (T) Business News