Feels very corporate play and also a teeny bit desperate to fast-track Gucci's comeback by betting on Demna’s ability to create viral fashion moments. Gucci’s aesthetic is way too far removed from Demna’s world, at least traditionally. Gucci was always about opulence, Italian glamour, and maximalism, while Demna is all about irony, dystopian fashion, and exaggerated proportions--things that don’t naturally align with Gucci’s past.
But then again, Balenciaga didn't look like that before Demna, either. Would be interesting to see Demna bring his ugly-core, oversized, post-apocalyptic, meme-heavy, inside-joke vision to a house that’s always been about sensuality and luxury.
Balenciaga figures have not been good for sometime. They are just buried in overall annual reports.
I'm thinking it was a strategic move to not have to fork out too big of a golden handshake for a new well-known figure at Gucci. . I'm sure Demna will be held on quite a short lead too. Demna is ambitious and not stupid.
Meanwhile, Kering will get someone less expensive at Bal. Perhaps Galliano. He's still relatively cheap because he's also a liability. Galliano has enough ego to want to take on the fashion house for high-fashion's sake and he actually has the talent. It would actually be a good move for (his) posterity. Kering have always seen the potential in Bal, Demna has not been pulling the crowds lately.