PARIS (AP) — Pierpaolo Piccioli, who left Valentino last year, is the new creative director of the iconic fashion house Balenciaga, parent company Kering announced Monday.
He replaces Demna, who joined Balenciaga in 2015 and has since moved to Gucci in a shake-up of Kering's creative stable. Gucci is also owned by Kering. Piccioli takes over at Balenciaga on July 10.
“What I am receiving is a brand full of possibilities that is incredibly fascinating. I must first and foremost thank Demna; I’ve always admired his talent and vision. I couldn’t ask for a better passing of the torch,” Piccioli said in a company statement.
He will head womenswear, menswear, accessories and couture at the Paris-based house.
Demna, who goes by one name, was not without controversy, often taking on political and social issues of the day. Piccioli is viewed as more of a romantic than a disrupter.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
