Photographer: Brendon Thorne/Bloomberg

Fashionistas Love the New Gucci. Investors, Not So Much

  • Kering's flagship brand has barely grown over past 3 years
  • Revival task made more difficult by slumping luxury demand

Gucci’s gamble to put Alessandro Michele, a little-known accessories designer, in charge of its creative turnaround has won praise from the catwalk. Investors are still waiting to see the benefit.

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