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Report: Alessandro Michele Set to Exit Gucci

Shares in owner Kering rose after WWD reported, citing unnamed sources, that a creative shakeup was imminent at the Italian luxury brand.
Alessandro Michele, Gucci's creative director.
Alessandro Michele set to exit Gucci. (Kevin Tachman)

French luxury goods group Kering’s shares opened higher before giving up gains on Wednesday following a report that creative director Alessandro Michele would leave its star label Gucci.

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Can the Changes at Gucci Reignite Growth?

Luxury’s biggest pre-pandemic success story is reinforcing its high-end credentials as it works to transition from an era of fashion-driven ‘reinvention’ to a new chapter of ‘sustainable elevation.’

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