Gucci Taps Vuitton Executive as Deputy CEO in Turnaround Push
- Stefano Cantino to report to Gucci CEO Jean-Francois Palus
- Change comes amid poor performance at Kering’s largest label
French luxury company Kering SA tapped a top executive from its better-performing rival — LVMH’s Louis Vuitton — to help turn around its struggling Gucci label.
Stefano Cantino, who most recently oversaw communication and image at Vuitton, will join Gucci from May 2 and report to Chief Executive Officer Jean-Francois Palus, the Italian fashion brand said in a statement Thursday.