INTERNATIONAL. Robert Polet, President, CEO and Chairman of the Management Board of Gucci Group, is to take over as CEO of Gucci Division, effective immediately. The move follows official confirmation that “the employment of Giacomo Santucci”¦ has been terminated”.
The group, and its parent company Pinault-Printemps-Redoute (PPR), declined to comment further.
Polet succeeded Domenico de Sole earlier this year (The Moodie Report, 21 April).
Note: Gucci Group is one of the world’s leading multi-brand luxury goods companies. Through the Gucci, Yves Saint Laurent, Sergio Rossi, Boucheron, Roger & Gallet, Bottega Veneta, Bédat & Co., Alexander McQueen, Stella McCartney and Balenciaga brands, the Group designs, produces and distributes high-quality personal luxury goods, including ready-to-wear, handbags, luggage, small leather goods, shoes, timepieces, jewellery, ties and scarves, eyewear, perfumes, cosmetics and skincare products. The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and leading department and specialty stores. Gucci Group is owned by Pinault-Printemps-Redoute, a leading European retail and luxury group. Shares in Pinault-Printemps-Redoute are traded on the Paris stock exchange.