Sabato De Sarno will receive a handsome payoff, industry sources said on Thursday after the Italian designer was ousted as Gucci’s creative director, with one Milan source saying the amount could be as much as €18 million. Gucci and parent group Kering did not reply to a request for comment on the matter.
Kering and Gucci announced they were parting ways with De Sarno – less than three weeks before his show on February 25. This is harsh timing for the 42-year-old designer who tried his best to drum up enthusiasm for the brand. Hence, the golden parachute, sources said.

Jacquemus, one of France’s most high-profile fashion houses, has been in talks since last fall with Style Capital, an Italian fund that once controlled the label Zimmermann, but it will be weeks if not months before a deal is reached, industry sources say. One of the points of disagreements is the brand’s market positioning.

Bookings are now open to attend the fourth edition of Miss Tweed’s Luxury at the Summit conference in Val d’Isère, 10-13 April 2025. Several speakers have already been confirmed and others will be soon. We will update you very shortly on that matter. Our summit topic is “Sustainability: What works and what doesn’t.” In the past decade, fashion and luxury brands have invested a lot of time and money to help preserve the environment and minimize waste and pollution.