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, The Associated Press reported.
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The fashion label’s owner, the Kering group, unveiled a new roster of executives as it tries to begin a new chapter and leave the shadow of its rival, LVMH.