Kering Management Shuffled Its Three Brands And Appointed New CEO.

The Kering management shuffle of the world's third largest luxury group continues. In the short term, the CEO of three brands of Kai Yun was adjusted. The latest appointment took place on Tuesday. The French Open Cloud group said it had finalized the general manager of the original Bottega Veneta GianlucaFlore as the new chief executive of Brioni and came into effect in November 1st.

Brioni's new CEO Gianluca Flore has been working in the cloud since 2008, and is currently the president of Bottega Veneta Americas, working in Fendi and La Perla.

Christopher Kane's new CEO Sarah Crook has been the director of procurement and business development of the British female Stella McCartney since 2004, and has served as vice president.

Bottega Veneta's new CEO:Carlo Alberto Beretta, graduated from Milan Bocconi University, has worked for Valentino and La Rinascente, and has served 11 years as a director of retail development for Zegna.

Kering management shuffle frequently. At the end of September, Kering announced that Carlo Im will be president of Kai Yun Asia Pacific region from December 1st this year, and will report to Jean-Fran cloud OIS Palus, executive director of Kai Yun group. The current president of the Asia Pacific region, who has worked for Kai Yun group for 16 years, has been responsible for Mimi Tang (Deng Wanying), which has been responsible for the flagship brand Gucci of Greater China for many years. However, she will remain on the board of directors of the open cloud foundation. In September 1st, Kai Yun group announced the departure of Christophe M lard, chief executive of Sergio Rossi, its footwear brand. Christophe M lard, who has worked in Kai Yun group for nearly ten years, is suspected of being "fired" because of its poor performance in recent half year.

The KERING group began restructuring the luxury sector in May this year, dividing two major sectors: "high fashion and leather goods" and "watches and jewellery". The former includes BOTTEGA VENETA, BALENCIAGA, SAINT LAURENT, Alexander McQueen, Brioni, Christopher Kane, Stella McCartney, and so on. The latter covers brands such as Qeelin, Boucheron, PERREGAUX, Shang Weisha, and baemandando. GUCCI does not belong to the above two departments and exists independently.

This is from BottegaVeneta The former CEO, in July, took the lead in the second appointment decisions made by Marco Bizzarri, the new CEO of Kering luxury fashion and leather products division. It is reported that the former Stella McCartney and the president of the British Fashion Association Sarah Crook were the CEO of Christopher Kane, which came into force in November 17th.

In Brioni, Flore takes over Francesco Pesci, which will "lead his career to a new direction." since 2008, Flor has served in Bottega, initially the president of the Americas region and the latest global retail and wholesale director and chief executive officer of the Asia Pacific region. Flore has the nationality of Italy, and began his career as Arthur Andersen as an auditor and financial consultant, then hopping to La Perla, North America and Fendi America.

At Brioni, he will turn to Bizzarri Reporting and responsible for continuing to develop Italy menswear brand to the international market, taking advantage of the fast-growing business scope. Bizzarri said that Flore's "understanding of the luxury market and its development of brand overseas" will be "a very valuable continuation of success and brand's international reputation."

Carlo Alberto Beretta graduated from Bocconi University in Milan. He worked for Valentino and La Rinascente, and he served 11 years as a director of retail development for Zegna. Sarah Crook joined the Stella McCartney as vice president in 2004. Her order will come into effect from November 17th, and the current CEO Alexandre de Brettes will take over the job after the handover.

Bizzarri also thanks Pesci for its dedication to Brioni. The merger of the company and Kering is a very important task and he has successfully completed it. The brand can now enter a new stage of its development, "he added. PPR, the predecessor of Kering, was founded in 2011. Buy 100% of the Brioni stake is planned to launch accessories and expand this fast growing market in Asia.

Kai Yun group has recently been exposed to decline in performance. Its financial results show that in the first half of the year, group net profit was 555 million euros, or 4.7%, while sales rose only 1.8%, to 2 billion 350 million euros. According to the constant exchange rate, the first quarter and two quarter results were 4.1% and 4% respectively. Sales of the main brand Gucci fell 5.7% in the two quarter, which continued to deteriorate after a 3.7% decline in the first quarter. Gucci's operating profit in the first half of the year was 528 million euros, down 5.1% from 560 million euros in the same period last year. Under such huge group performance pressure, Kering management turbulence is inevitable.