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Demna Gvasalia: Gucci's Biggest Gamble

By

Valentina Galperin

Time of reading:

1 minute

24 Mar 2025

Gucci has appointed Georgian designer Demna Gvasalia as its new artistic director, signaling a bold new direction for the iconic fashion house. ​Known for co-founding Vetements and later revolutionizing Balenciaga, Demna now faces one of his biggest creative challenges yet: redefining Gucci at a time when the brand is in need of reinvention.


Demna's tenure at Balenciaga, beginning in 2015, was marked by significant growth, with sales reportedly increasing from approximately $350 million to $2 billion by 2022. His innovative designs, such as the Triple S sneakers, played a pivotal role in this success.


However, in recent years, Balenciaga faced challenges. A controversial advertising campaign in 2022 led to widespread backlash, resulting in a decline in sales and a loss of brand prestige. Additionally, the brand's focus on entry-level luxury items, like sneakers and streetwear, attracted younger consumers but risked alienating traditional high-end clientele.




Balenciaga 2022 Christmas campaign featuring children.
Balenciaga 2022 Christmas campaign featuring children.


Gucci, experiencing its own downturn with a 21% sales decline to €7.7 billion and a 51% drop in operating income to €1.6 billion between 2023 and 2024, is looking to Demna to rejuvenate the brand. His appointment reflects a strategic move to blend Gucci's rich heritage with contemporary innovation.​


The fashion world eagerly anticipates Demna's inaugural collection for Gucci, curious to see how he will navigate the balance between honoring the brand's legacy and infusing it with his distinctive, avant-garde aesthetic.​


What do you think—is Demna the right fit for Gucci?



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