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Gucci is Alessandro Michele, but will Alessandro Michele leave Gucci?

Gucci is Alessandro Michele, but will Alessandro Michele leave Gucci?

According to WWD, this information will be confirmed before Gucci returns to Milan Men’s Fashion Week in January.

Gucci is Alessandro Michele, but will Alessandro Michele leave Gucci?

In 2015, Michele officially became the CEO of Gucci, since then the fashion field has had an extremely convincing new name, as evidenced by the tremendous success coming from sales after the first collection Michele launched. Unlike the previous two creative directors, inheriting the legacy of Tom Ford, the Italian designer has his own vision, bringing new and flashy creations. The mark from the beginning has ushered in a new era for the brand.

Up to now, after 7 years of working, CTO Alessandro Michele is expected to end his tenure at Gucci in the near future. According to an anonymous source, this stems from the fact that Michele has requested major changes to the future designs of the brand to renew and revive morale after-sales showed signs of decline in the past year. . However, another source said that CEO François-Henri Pinault wanted “a big change”, hoping to accelerate the growth of the brand. In the end, it is not clear whether the designer’s plan did not meet the requirements of the parent company Kering or if it seems that Michele refused to do this, but Michele will leave the post of CEO in the near future.

Prior to that, thanks to his direction, Michele’s tenure at Gucci brought the brand closer to a younger and more diverse audience. Moreover, the growth of the brand has also increased by 35% after this CEO took over. However, according to a report from Kering, the cash cow cash flow from Gucci this year has turned out to be less efficient than originally estimated.

Recently, the fashion industry is witnessing many leadership changes from Kering, such as Riccardo Tisci leaving Burberry and being replaced by Daniel Lee, the former CEO of Bottega Veneta. allegations related to the work environment. Although Bottega’s sales continued to grow steadily, his successor, Matthieu Blazy, was quickly brought in.

Of course, not only Gucci, but Raf Simons also announced the closure of his eponymous brand yesterday (November 22), bringing with it many rumors that Miuccia Prada is likely to give up the position of Creative Director. for Raf. On the other hand, Louis Vuitton’s menswear division has yet to make any official announcements after Virgil Abloh’s departure in 2021. The question arises: where is Phoebe Philo?

 

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