Gucci chief to step down as French parent company shakes up leadership

Gucci president Marco Bizzarri, pictured, will be replaced by Jean-Francois Palus (Luca Bruno/AP)

The president and chief executive of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering.

Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying on Tuesday that he had “masterminded the execution of Gucci’s outstanding growth strategy since 2015”. He was part of Kering’s leadership for 18 years.