Kering’s stocks continued to slip today as investors tried to gauge changes atop the company’s Gucci business.
The company’s stock dropped 2.4 percent to 151.90 euros, or $189.23, in Paris today. That gives Kering decline of 3.4 percent over the past two trading sessions.
Early Friday, Kering said that Gucci’s chief executive Patrizio di Marco and its creative director Frida Giannini were both on their way out after six years.
While Marco Bizzarri will jump from his post as ceo of Kering’s luxury couture and leather goods to takeover the brand, the creative post is up in the air. There is speculation over a host of candidates, including Givenchy’s creative director Riccardo Tisci to Joseph Altuzarra.
But still, that leaves the house with a good deal of uncertainty — something investors abhor above nearly all else.