Kim Jones to Exit Fendi, Maintains Dior Homme Role, Fendi Says

The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
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Kim Jones to Exit Fendi, Maintains Dior Homme Role, Fendi Says

The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)

Fendi artistic director Kim Jones is leaving the Italian fashion house but will stay on at Dior Homme, LVMH's Fendi said in a statement on Friday, the latest in a series of designer shuffles at big name labels as the industry adjusts to a downturn.

A new creative organization for the label will be announced "in due time," the company said. One of the industry's highest profile designers, Jones succeeded Karl Lagerfeld at the label in 2020, designing ready-to-wear and couture collections.

Last week, LVMH named Michel Rider to succeed Hedi Slimane at Celine, and in September named Sarah Burton to take over creative direction at Givenchy.



French Luxury Goods Company Kering Names Stefano Cantino as Gucci CEO

The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
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French Luxury Goods Company Kering Names Stefano Cantino as Gucci CEO

The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)

French luxury goods company Kering named Stefano Cantino as CEO of Gucci, the Italian fashion house it has been seeking to revive, adding he would succeed Jean-Francois Palus in January.

"I am confident that, building on what has been set up over the past 15 months, Stefano and the Gucci team will succeed in the mission to take Gucci back to the leadership the brand deserves," Kering Deputy CEO Francesca Bellettini said.

Cantino, who joined Gucci in May 2024 as deputy CEO, will have a seat on Kering’s Executive Committee.

Kering has been revamping the century-old Italian fashion house that accounts for half of group sales and two thirds of profit.

But the efforts have been complicated by a downturn in the global luxury market, while China's rebound - traditionally Gucci's most coveted market - was held back by a property crisis and high youth unemployment just when Western markets retreated after a post-pandemic spending splurge.