New leadership at Kering

The new general director of Kering, Luca de Meo, has signed off on a major restructuring plan. De Meo previously served as the head of Renault, bringing a background in automotive management to the luxury goods company.

Anthony Vaccarello's departure

Anthony Vaccarello, the creative director of Saint Laurent, will step down from his role as part of the restructuring. Vaccarello has been at the helm of the brand since 2012, known for his minimalist and rock-inspired designs.

Future creative direction

The creative direction of Kering’s brands will be managed by a team rather than a single creative director. This shift aims to diversify the creative input and align with the company’s evolving strategy.

Focus on collaboration

Kering’s new approach emphasizes collaboration across its portfolio of brands, including Gucci, Balenciaga, and Saint Laurent. The company hopes this will lead to more cohesive and innovative collections.