Tag: Gucci

Former Gucci designer Alessandro Michele named Valentino creative director

Alessandro Michele, the flamboyant former designer at Gucci, has been named the new creative director at storied Roman luxury house Valentino. The appointment of Mr Michele follows the sudden departure of Pierpaolo Piccioli last week after 25 years. Valentino, which stages collections in Paris, confirmed the move in a statement on Thursday, calling it the […]

US futures slip ahead of Fed’s rate decision, Gucci owner tanks on sales warning

Federal Reserve Chair Jerome Powell.Aaron Schwartz/Getty Images US stock futures slid on Wednesday as Wall Street waited for the Fed’s interest-rate decision. Investors are eager to see Fed officials’ latest projections for rate cuts this year. Luxury giant Kering’s shares tanked 15% after warning of a big slide in Gucci’s first-quarter sales. Stocks were set […]