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François-Henri Pinault’s Fashion Empire & Cannes Sponsor Kering Sees Shares Plunge Following Gucci Appointment
Shares in François-Henri Pinault luxury fashion empire Kering fell sharply on Friday following his decision to appoint in-house talent Demna as artistic director of the group’s flagging Gucci label. The group’s share price fell as much as 13.5% in early trading on the Paris Stock Exchange, representing a three-month low. Kering, which also owns luxury […]
Shares in François-Henri Pinault luxury fashion empire Kering fell sharply on Friday following his decision to appoint in-house talent Demna as artistic director of the group’s flagging Gucci label. The group’s share price fell as much as 13.5% in early trading on the Paris Stock Exchange, representing a three-month low. Kering, which also owns luxury […]
