Luxury
Gucci parts ways with Sabato De Sarno amid sales decline
Kering-owned Gucci today announced the departure of Creative Director Sabato De Sarno, adding another challenge to the Italian luxury house’s ongoing struggles. The exit comes as Gucci reported a sharp 25% decline in third-quarter sales to 1.64 billion euros ($1.74 billion), forcing parent company Kering to issue its third consecutive…
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