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The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering as it faces slowing revenue growth at the Italian fashion house.

A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong.A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong.the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering as it faces slowing revenue growth at the Italian fashion house.

Kering chairperson and CEO Fran Ãsois-Henri Pinault lauded the designer’s tenure as “an outstanding moment” in Gucci’s history. He did not name a successor. “This raises a few question marks in our view on the execution and evolution of the brand in the coming months, leaving further uncertainty around the timing of the acceleration of the brand’s momentum,” JP Morgan analyst Chiara Battistini said in a research note on Thursday.

Early hits were fur-lined loafers, embellished with the label’s signature horse-bit, that fetched over $1 000 and the Dionysus handbag, with a chain strap and double tiger heads, starting at around $900 for mini sizes.

 

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