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The Independent UK
The Independent UK
National
Via AP news wire

Gucci's CEO is stepping down as its French parent shakes up leadership

Copyright 2017 The Associated Press. All rights reserved.

The president and CEO of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering.

Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying Tuesday that he "masterminded the execution of Gucci’s outstanding growth strategy since 2015." He was part of Kering's leadership for 18 years.

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