Gucci

Luxury fashion house Kering has reported a 13% fall in revenue to €4.5bn (£3.9bn) for the quarter to 30 September, driven by underperformance across all brands and softening demand in the luxury industry.

Italian fashion brand Moschino has named Tuscan-born designer Davide Renne as its new creative director.

Luxury fashion house Gucci's new 15,000 sq ft store is housed in a grade II-listed building at 144-146 New Bond Street, London.

Luxury fashion house Kering has acquired a 30% stake in Italian designer label Valentino from Qatari investment fund Mayhoola for €1.7bn (£1.5bn).

Gucci will part ways with its chief executive Marco Bizzarri in September, the brand's owner Kering said in a statement on Tuesday.

Gucci’s sites in Italy have been inspected by EU antitrust regulators as part of an investigation spanning several countries and companies.

Gucci's metaverse and Vault CEO Robert Triefus is stepping down after six months in the role and 15 years at the luxury house.

Gucci and parent company Kering is launching an innovation platform that aims to "accelerate the circular transformation of the Italian fashion industry's production model".

Alessandro Michele, creative director at Gucci, is said to be stepping down from his role after seven years.

Gucci has named Robert Triefus as CEO for the luxury house's metaverse and Vault ventures.