Alessandro Michele to leave Gucci

Creative director Alessandro Michele is reportedly leaving Italian fashion house Gucci, the largest brand of French luxury group Kering, Women’s Wear Daily (WWD) reported late Tuesday.

“Could a major change be afoot at Gucci? Well-placed sources say creative director Alessandro Michele is leaving the brand,” WWD said in a report published in Milan.

A statement is expected as early as this Wednesday, the news site added.

Kering and Gucci declined to comment on the WWD report.

Gucci has been successfully revamped with a bold new look since the 49-year-old Italian designer took over as creative director at Gucci in January 2015.

“After seven years at the helm of Gucci’s creative engine, it may be time for a change, and a consensus among institutional investors seems to be forming that a new approach is needed to revive the brand,” RBC analysts said in a note.

New appointments to head Capri Holding and John Hardy

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