Kering already grappling with the consequences of Gvasalia’s appointment

Last Friday, 14 March, Kering lost around USD 3 billion on the stock market. The market considers Gvasalia’s appointment too risky. Yet Demna is the designer who took Balenciaga from less than USD 400 million in revenue to over USD 2.3 billion. A boom made possible by intuitions such as the Triple S trainers and…