Kering CEO François-Henri Pinault has parted ways with Gucci CEO Marco Bizzarri. It is a move he feared making and held off doing for months. The towering Italian was much more than Gucci’s boss. He had a say about strategic decisions at Kering and major hires. Pinault did not want Bizzarri to go. He needed him. But as evidence gathered that the new organization Bizzarri had put in place at Gucci was not working and he was losing key staff, he had to go. Investors too wanted him out.
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