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RAPAPORT... Patrizio di Marco, the CEO of Gucci, will leave the luxury brand on January 1 and be succeeded by Marco Bizzarri. His notice of departure comes a week after the resignation of Michele Sofisti, the CEO of Gucci's jewelry and watch division. Marco was appointed to serve as interim head of jewelry, while Gucci recruited a replacement for Sofisti.
Marco has been with Kering for more than 13 years, after joining Gucci as CEO of Bottega Veneta.
In addition, the creative director of Gucci, Frida Giannini, announced her departure for the end of February after showing the fall and winter 2016 women's wear collection on February 25. A new creative director will be appointed at a later date, according to parent company Kering.
François-Henri Pinault, the chairman and CEO of Kering, said, “I truly enjoyed working with Patrizio over those years. The great performances achieved by the Gucci brand during his tenure stand as a testament to his success. His strategic vision, passion, dedication and charisma were key to bring Gucci where it is today. I want to warmly thank him and wish him the very best in his future endeavors.” Giannini has been with the Kering Group and Gucci for over 12 years, assuming the role of head of design for leather goods in 2004 and adding the responsibility of heading design for women’s ready-to-wear in 2005. In 2006, she was appointed as sole creative director of the Florentine House. Pinault said, “I would like to thank Frida for her extraordinary passion, dedication and contribution to the Gucci brand. She has been the sole creative director of Gucci for close to a decade. This is a remarkable accomplishment, considering the level and breadth of responsibility of overseeing all the aspects related to product and image for such a global brand during such a long period of time. I am truly grateful to her for her achievements, creativity and the passion that she has always instilled in her work.”
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