Kering seems to have found the miracle cure for all its problems: changing (yet again) the CEO at Gucci. After nine months in the role, Stefano Cantino—barely the length of a maternity leave or two fashion seasons—has already been shown the door. Apparently, in luxury, instability is the new must-have accessory.
The new star in sight? Francesca Bellettini is being touted as “one of the most accomplished executives,” a former Goldman Sachs alum—in other words, the perfect candidate to wear impeccable suits while juggling Excel spreadsheets. Her arrival is being sold as a “crucial moment” by Luca de Meo, Kering’s new boss, who hasn’t even had time to set down his office plant before launching into a full-scale clean-up. Continue reading