Italian luxury fashion brand Gucci, owned by Kering, has appointed Gianluca de Ficchy as its new chief financial officer (CFO) from 1 December 2025. De Ficchy will report directly to Gucci’s president and CEO, Francesca Bellettini. De Ficchy most recently led Renault’s Mobilize division as CEO, overseeing vehicle financing, car-sharing services and electric-vehicle charging. He exited the French carmaker in October 2024.. The management change comes as Kering’s appointed CEO, Luca de Meo, previously CE ...

Core Insights - Kering's CEO Luca De Meo is launching a new investment platform called House of Dreams to support emerging businesses and reduce reliance on Gucci [1][4] - The investment unit will focus on areas such as experiential technology, Indian craftsmanship, and culture-led Chinese luxury [2] - Kering aims to reinforce its brand portfolio while preparing for various future scenarios in the luxury market [3] Investment Strategy - House of Dreams is designed to "de-risk" Kering's dependence on Gucci, which currently accounts for 50% of the company's operating income [4] - The investment arm will leverage Kering's access to affluent customers and is inspired by similar structures at competitors like LVMH and L'Oréal [5] - A 90-day pilot phase is planned for House of Dreams, supported by a seed fund and an initial team, although the full launch date remains unspecified [5] Financial Performance - Kering reported Q3 2025 revenue of €3.4 billion ($3.94 billion), reflecting a 10% decline on a reported basis and a 5% decrease on a comparable basis [6] - The company has agreed to sell its beauty business to L'Oréal for €4 billion, which includes the transfer of the House of Creed and beauty licenses for Kering's luxury brands [6]

Investment Platform - A new investment platform is launched [1] - The platform focuses on providing capital for Zambia's small and medium-sized businesses [1] - The platform is backed by an initial investment of $70 million [1]