Free Trial

Gucci names Demna new aristic director, as he moves from Kering sister brand Balenciaga

This is the sign on a Gucci store in Pittsburgh on Monday, Jan. 30, 2023. (AP Photo/Gene J. Puskar, File)

ROME (AP) — Gucci announced Thursday that the Balenciaga artistic director Demna will take over the creative direction of the Italian luxury fashion house, starting in July.

Gucci and its French parent Kering said in a statement that Demna “has redefined modern luxury, earning global recognition and cementing his authority on the industry.’’

Demna, who goes by one name, has been at Kering-owned Balenciaga for a decade. He brings with him the title of artistic director.

“I am truly excited to join the Gucci family,’’ he said in a statement. ‘’It is an honor to contribute to a house that I deeply respect and have long admired.’’

Demna showed his latest and last Balenciaga ready-to-wear collection four days ago in Paris, dialing down the theatrics for a more saleable vision.

The announcement ends speculation about Gucci's creative future after Sabato De Sarno’s sudden exit just 2 1/2 weeks before the presentation of the Fall-Winter 2025-26 collection during Milan Fashion Week last month.

De Sarno took over from Alessandro Michele, who revolutionized Gucci with gender-fluid, eclectic and romantic collections that rewrote the brand's codes. De Sarno's more essential collections failed to excite consumers.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
3 Rising Stocks You’ll Want on Your Watchlist
Trillions in Defense Spending—3 Disruptive Stocks Set to Double

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines