Introduction to New Leadership

The long-time Kering manager Francesca Bellettini was appointed CEO of Gucci and commissioned to steer its turn.

Challenges Ahead

It won’t be easy. Gucci’s turnover has decreased since the third quarter of 2023 compared to the latest earnings update in the second quarter of 2025, and Gucci’s sales decreased by 25 percent.

High Expectations

The missions are high: Gucci is the largest brand of Kering and accounts for 40 percent of the group’s sales and 50 percent of its company income in the first half of 2025.