Gucci parent Kering’s shares plummet after Demna tapped as design chief
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion’s big-ticket names as chief designer. Kering’s shares fell by up to 13% in Paris and posted their worst day in almost a year following the appointment of Balenciaga designer Demna. … Read more