Kering is reshuffling the management at smaller heritage manufacturers Brioni and Ginori 1735 because it faces mounting stress from steep gross sales declines throughout its broader enterprise.
The group introduced on Tuesday that Federico Arrigoni, beforehand deputy chief government and Asia Pacific president of Saint Laurent, has grow to be CEO of Brioni. The menswear label’s earlier chief, Mehdi Benabadji, is taking the helm at Florence-based porcelain home Ginori 1735. As soon as seen as a distinct segment participant in high-end tableware, the model is being repositioned by Kering as a worldwide life-style label.
Earlier than being appointed in 2023 as deputy CEO at Saint Laurent, the place he oversaw industrial operations and business actions, Arrigoni held key worldwide positions on the model. Benabadji is credited with stabilising Brioni and driving worldwide momentum by way of operational restructuring.
The management modifications replicate a strategic bid to bolster the efficiency of the group’s smaller, non-flagship homes, which have gained larger significance amid Gucci’s ongoing stoop. Final week, Kering reported a 25 % drop in Gucci’s gross sales for Q1 2025, in addition to weakened gross sales at its different main trend manufacturers, together with Saint Laurent and Balenciaga.
Be taught extra:
Kering’s Woes Deepen as Gucci’s Gross sales Tumble 25%
Group revenues fell 14 % within the first quarter as Saint Laurent and Balenciaga additionally suffered from the downturn in luxurious demand.
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