Kering: Anthony Vaccarello Steps Down from Saint Laurent After Ten Years as Creative Director
Anthony Vaccarello, who has guided Saint Laurent's creative direction since 2016, is leaving the fashion house. The departure was made public on October 9, 2026 by Kering, which owns the brand alongside Gucci, Bottega Veneta, and Balenciaga, among others.
A Decade at the Helm of Saint Laurent's Creative Direction
According to the press release, Anthony Vaccarello played a "key role in the development of Saint Laurent" over the past decade. The statement indicates that he contributed to strengthening the house's identity and its influence in the worlds of fashion and culture.
Founded in 1961, Saint Laurent now operates more than 300 boutiques worldwide. The house is part of Kering's portfolio, which employs 44,000 staff members.
Kering Announces a "New Chapter" for Saint Laurent
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Saint Laurent indicated that it will announce its new creative direction shortly.
Luca de Meo, Chief Executive Officer of Kering, expressed his appreciation to the designer: "Through his creative vision and high standards, he has contributed to sustainably strengthening the influence of one of France's greatest fashion houses, which we are engaging in a new chapter of its history."
Cédric Charbit, President and Chief Executive Officer of Yves Saint Laurent, in turn thanked Anthony Vaccarello "for his ten years in service of the House."
À mesure que Kering progresse dans l'exercice 2026, son objectif demeure de renouer avec la croissance et d'améliorer sa profitabilité
Risks mentioned
Recul du chiffre d'affaires de Gucci de 5 % en comparable au premier semestre
Charges opérationnelles non courantes de 223 millions d'euros (cessions, dépréciations, restructurations)
Résultat net part du Groupe en baisse de 60 % à 189 millions d'euros
Opportunities identified
Endettement net réduit de 4,7 milliards d'euros grâce à la cession de Kering Beauté
Contrat de licence beauté Gucci-L'Oréal exclusif sur 50 ans à compter de mi-2027
Kering Jewelry +20 % en comparable, marge courante en hausse de 2,7 points
Outlook / guidance
Management commentary: « As Kering advances through 2026, its objective remains to return to growth and improve margins. »
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