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Article: FASHION'S BIG QUESTION: DE SOLE HOPES CONTRACT WILL BE SETTLED BY NOV. 1.
- Article from:
- WWD
- Article date:
- October 16, 2003
- Author:
CopyrightCOPYRIGHT 2003 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILAN -- Are Dom and Tom staying?
The answer may come by the end of the month. Gucci Group president and chief executive Domenico De Sole said Wednesday that a decision about the renewal of his and creative director Tom Ford's contracts could come in a matter of weeks. That statement came as Gucci posted a 47 percent plunge in second-quarter profits, along with a 1.1 percent uptick in sales.
"For the sake of our employees and our colleagues, we should try to make an announcement as soon as possible, hopefully by the end of the month," De Sole told WWD in a phone interview, denying a spate of recent press reports that Gucci and principal owner ...