Gucci CEO Marco Bizzarri Departs, Paving the Way for Transformation
Gucci CEO Marco Bizzarri is stepping down after eight years as the leader of the fashion house, following a year of declining sales and the departure of Gucci's creative director, Alessandro Michele. The parent group, Kering, announced a major organizational shake-up, appointing Francesca Bellettini as the conglomerate's deputy chief executive for brand development. The management reshuffle aims to capture the growth of the global luxury market and set Kering on a path to success and profitable growth.