Stefano Cantino Appointed CEO of Gucci Amid Luxury Market Challenges

Kering entrusts Cantino with revitalizing Gucci as global luxury demand faces downturn.

Stefano Cantino will assume the role of Gucci CEO on January 1, succeeding Jean-François Palus.
Cantino brings extensive experience from Louis Vuitton and Prada, aiming to restore Gucci's market leadership.
Kering's decision comes as Gucci struggles with declining sales and a challenging global luxury market.
Jean-François Palus, who led Gucci through a transitional phase, is credited with laying strong foundations for future growth.
Gucci's strategy under Cantino includes new product lines and a focus on streamlined distribution to boost performance.