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Italy/ Despartirea de Gucci…

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Gucci is cleaning house. According to multiple fashion insiders, the luxury brand’s CEO Patrizio di Marco and creative director Frida Giannini will exit in an announcement as soon as Thursday. The Gucci duo – who are also a couple in real life, and have one child together, daughter Greta – will leave early in the new year. Di Marco departs on January 1, while Giannini will leave at the end of February 2015, after showing her autumn/winter 2015 collection at Milan Fashion Week. A new creative director will be appointed "later on", the brand said.Di Marco joined Kering 13 years ago as the CEO of Bottega Veneta before moving to Gucci in 2008. Giannini joined the group 12 years ago, when she left Fendi for Gucci, moving through the ranks of the brand under Tom Ford. "I truly enjoyed working with Patrizio over those years," François-Henri Pinault, chairman and CEO of Kering, said today.Michele Sofisti, the CEO of Gucci’s watches and jewelry division, left last week. Sales at the beleaguered brand have been stagnant, and in October Gucci posted its weakest quarterly growth in four years.The company said di Marco will be replaced by Marco Bizzarri, Kering’s luxury-couture and leather-goods division head, beginning Jan,1. A replacement has not yet been named for Giannini, who will leave after debuting the Gucci fall-winter collection in February in Milan.New CEO Marco Bizzarri is also a Kering stalwart, having joined Stella McCartney in 2005 before moving to Bottega Veneta in 2009.Author: Ishan Hasnat – Bangladesh

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