Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Kering picks luxury veteran Cantino as Gucci deputy CEO

Published 04/11/2024, 04:35 AM
Updated 04/11/2024, 04:40 AM
© Reuters. The logo of fashion house Gucci is seen outside a shop in Milan, Italy, April 8, 2024. REUTERS/Claudia Greco

PARIS (Reuters) - French luxury group Kering (EPA:PRTP) on Thursday named former Louis Vuitton and Prada (OTC:PRDSY) communications executive Stefano Cantino as deputy CEO of Gucci to help steer a revival of the Italian label.

Cantino, who will start on May 2, will report to Jean-François Palus, Gucci's President and CEO, the statement said.

"In this newly created position, Stefano Cantino will share with Jean-François Palus the responsibility to define and implement the brand strategy," it said.

Gucci has lagged rivals for the past two years, prompting a reshuffle that saw CEO Marco Bizzarri depart and Palus taking over the top role last year.

Cantino joins Gucci after spending more than five years at Louis Vuitton, where he oversaw Communication and Image.

Before that, Cantino spent over 20 years in Prada Group, where he was last Communication and Marketing Director.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.