Kering appoints Francesca Bellettini as CEO of Gucci, discontinuing deputy CEO role for clearer management structure. Bellettini’s success at Saint Laurent includes growing revenue from EUR 550 million to EUR 3 billion. Despite recent 70% rally, fair value estimate for Kering remains at EUR 360. Gucci’s brand recognition and global appeal position it well for future success, but new designer collections may take time to make an impact.

Read more at Morningstar: Kering Names Francesca Bellettini as CEO of Gucci