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Article: Brain, Heart Of Gucci to Step Down; Tom Ford, Domenico De Sole Fail to Reach Deal With Owner
- Article from:
- The Washington Post
- Article date:
- November 5, 2003
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The fashion industry's most successful partnership of business
acumen and creative energy ended yesterday when Tom Ford and Domenico
De Sole announced that they would leave Gucci Group in April.
The decision leaves two of the fashion industry's greatest brands -
- Gucci and Yves Saint Laurent Rive Gauche -- without their leaders.
With Ford as its creative director and De Sole as its chief
executive officer, Gucci Group struggled back from the brink of
insolvency to become an $8.5 billion fashion conglomerate and one of
the most successful luxury firms in the fashion industry. The
transformation began with the corporation's signature brand, Gucci.
In the mid-1990s, Ford infused the label with ...