Paris [France], November 10: French luxury group Kering (PRTP.PA), opens new tab on Thursday announced ​the departure of Balenciaga creative director Pierpaolo Piccioli less than 16 months, the latest leadership change at the Gucci-owner which is seeking to reverse years of falling sales.
Piccioli, ​a 25-year veteran at Valentino, became creative director in July ​last year to replace Demna who moved to Gucci.
His ⁠exit comes only weeks after Anthony Vaccarello, the creative director ​of Kering's second-biggest brand Saint Laurent, and Alexander McQueen ​designer Sean McGirr left their posts.
Kering CEO Luca de Meo described Piccioli as a "an exceptional couturier and creative talent".
"Our ambition is to build ​on Balenciaga's avant-garde spirit, honour its remarkable heritage and ​continue to push creative boundaries, further establishing the House as a powerful and ⁠relevant voice," he added in a statement.
De Meo launched belt-tightening measures at the group earlier this year but the economic fallout of the war in Iran and slowing ​consumer sentiment in ​China have ⁠so far overshadowed any sign of recovery.
Balenciaga's new creative direction will be announced shortly, Kering ​said.
Source: Fijian Broadcasting Corporation