ITALY: Gucci To Replace Ford With Unknowns – Paper
The Italian company, majority owned by French group Pinault Printemps Redoute SA (PPR), will eliminate Ford's singular position at the flagship Gucci brand and appoint three separate designers for women's ready-to-wear, men's ready-to-wear and accessories, the newspaper said.
The trio is likely to be unveiled by Gucci later this month.
Meanwhile, a fourth in-house designer, Stefano Pilati, will take over the creative direction of the company's Yves Saint Laurent division, which Ford had also presided over.
The move comes amid the resignation on Tuesday of Gucci's chief financial officer Bob Singer and executive vice-president Brian Blake, according to an internal memo distributed to staff.
Spokesmen for Gucci and PPR have declined to comment on the resignations.
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