Overview

• Multiple reports say Francesca Bellettini will succeed Stefano Cantino, with an announcement expected as early as Monday to coincide with de Meo’s first day as Kering CEO.
• Gucci’s slump has weighed heavily on the group, with sales down 21 percent in 2024 and a further 25 percent drop in the first half of 2025.
• Bellettini is Kering’s deputy CEO for brand development and previously grew Saint Laurent into a multibillion-euro megabrand during a decade as chief executive.
• Sources indicate further swift changes at Gucci, including a likely CFO replacement, while Kering’s Jean‑Marc Dupleix is expected to remain chief operating officer.
• The leadership shake-up comes days before new creative director Demna presents an early look at his Gucci vision on Sept. 23 in Milan.