Oh I did not know about the Coty license expiring soon...interesting but still not enough for Hedi after the legal drama.
It's actually kinda hard to think of a proper replacement that could work as Gucci's image is kinda tarnished:
- Brand is perceived as a cheap version of Louis Vuitton, however it lacks the fashion forward vision / proposition from Ghesquiere to sustain the high fashion conversation / credibility
- For menswear, it's even worse: Pharrell's Louis Vuitton is for tasteless trappers, but at least they are selling 10k Speedys P9. Gucci is for tasteless losers Miami drug dealers, however they are selling 2k GG monogram acetate tracksuit...
- Michele's maximalism is over and also it's kinda flopping at Valentino. There is no way the management would agree in a vision shifting going back to Michele's aesthetic after they worked so hard to get rid of it
- Another Phoebe's, Bottega doppelganger would not help either, the quiet luxury market / propositions are overly saturated and people don't shop Gucci for minimalistic offerings
They need someone who can embrace a Ghesquiere x Vuitton 2.0 methodology: make a fashion forward proposition that does not alienate the tacky customers and build seasonal accessories offering based on the runway show. Work with that GG monogram, embrace it in different ways...however in order to do this you need to establish a proper image among the general public. Ghesquiere didn't go 100% 80's scifi vision right after the appointment, he established a rather conservative (however fashion forward) proposition to gain loyalty among the customers.