Andrea Felsted, Columnist

The Other Gucci Horsebit Loafer Has Dropped

Changing CEO at the same time as a creative transformation is risky.

July 19, 2023 at 10:45 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Bye Bizzarri.
Photographer: Matt Winkelmeyer/Getty Images North America

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The second horsebit loafer has dropped at Gucci.

After the departure of former star designer Alessandro Michele last November, parent company Kering SA said late Tuesday that the Italian brand’s Chief Executive Officer Marco Bizzarri would step down as part of a broader shakeup of top management.