The source said Kering was expected to announce the move shortly.
Kering and Gucci declined to comment on Michele's departure, which was first reported by Women's Wear Daily.
(Reporting by Reuters bureaus, writing by Silvia Aloisi)
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5-day change | 1st Jan Change | ||
329.8 EUR | +0.93% | -0.05% | -17.33% |
02/05 | Declining business in China slows down Hugo Boss - share at the bottom of the MDax | DP |
02/05 | Hugo Boss still in a downward spiral - China clouds the mood | DP |
PARIS (Reuters) - Alessandro Michele, the creative director of Kering's top fashion brand Gucci, is stepping down from the role, a source with knowledge of the matter said on Wednesday, confirming an earlier media report.
The source said Kering was expected to announce the move shortly.
Kering and Gucci declined to comment on Michele's departure, which was first reported by Women's Wear Daily.
(Reporting by Reuters bureaus, writing by Silvia Aloisi)
1st Jan change | Capi. | |
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-17.33% | 43.16B | |
+9.21% | 143B | |
+18.15% | 81.31B | |
-4.92% | 44.42B | |
-4.12% | 25.14B | |
+12.17% | 13.8B | |
-3.48% | 12.01B | |
+5.92% | 9.06B | |
+0.99% | 7.67B | |
+45.57% | 6.61B |