Italian designer Alessandro Michele on Wednesday left Gucci, where he has overseen a surge in sales at the fashion powerhouse since 2015 but seen his star fade in recent seasons.

"Gucci today announces that Alessandro Michele is stepping down as creative director of Gucci," said French conglomerate Kering,&nbsp;which owns the Italian house.

It said he had played "a fundamental part in making the brand what it is today through his groundbreaking creativity".

Michele, in the same joint statement, said: "There are times when paths part ways because of the different perspectives each one of us may have."

Also read:&nbsp;<a href="https://www.wionews.com/world/cryptocurrency-gucci-adopts-apecoin-as-payment-method-505516">Cryptocurrency: Gucci adopts ApeCoin as payment method</a>

Kering said Gucci's design office would "continue to carry the direction of the house forward until a new creative organisation" was announced.

Industry bible Women's Wear Daily earlier on Wednesday said Michele was quitting after being asked to orchestrate a creative revamp to restore the brand's lustre.

With his bookish chic looks and vintage mashups that harkened back to the 1970s and 80s, Michele helped turn the once-flagging house into a white-hot success, drawing in a new generation of fans with his anti-establishment veneer.

Michele also joined a handful of other designers by announcing in 2021 that the number of annual shows would be slashed from five to just two, saying that "clothes should have a longer life" and that his future collections would be "seasonless".

Sales also got a boost from 2021's Ridley Scott-directed '<a href="https://www.wionews.com/entertainment/hollywood/news-house-of-gucci-review-its-a-lady-gaga-film-love-her-hate-her-but-cant-ignore-her-432146">House of Gucci'</a>&nbsp;film with Lady Gaga and a host of Hollywood A-listers.

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But enthusiasm had begun to wane among industry insiders, according to WWD, with Kering CEO Francois-Henri Pinault eager for a quick change at the helm.

Pinault wished the designer a "great next chapter in his creative journey".

"The road that Gucci and Alessandro walked together over the past years is unique and will remain as an outstanding moment in the history of the house," he said.

Financial analysts at the brokerage firm Bernstein said earlier in a research note to clients: "Gucci is suffering from brand fatigue and Alessandro Michele has been doing the same thing for the past seven years."

"Institutional investors appear to agree that a new approach is needed to relaunch the brand," added analysts at Royal Bank of Canada.

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Italian designer Alessandro Michele on Wednesday left Gucci, where he has overseen a surge in sales at the fashion powerhouse since 2015 but seen his star fade in recent seasons.

Italian designer Alessandro Michele on Wednesday left Gucci, where he has overseen a surge in sales at the fashion powerhouse since 2015 but seen his star fade in recent seasons. "Gucci today announces that Alessandro Michele is stepping down as creative director of Gucci," said French conglomerate Kering, which owns the Italian house. It said he had played "a fundamental part in making the brand what it is today through his groundbreaking creativity". Michele, in the same joint statement, said: "There are times when paths part ways because of the different perspectives each one of us may have." Also read: Cryptocurrency: Gucci adopts ApeCoin as payment method Kering said Gucci's design office would "continue to carry the direction of the house forward until a new creative organisation" was announced. Industry bible Women's Wear Daily earlier on Wednesday said Michele was quitting after being asked to orchestrate a creative revamp to restore the brand's lustre. With his bookish chic looks and vintage mashups that harkened back to the 1970s and 80s, Michele helped turn the once-flagging house into a white-hot success, drawing in a new generation of fans with his anti-establishment veneer. Michele also joined a handful of other designers by announcing in 2021 that the number of annual shows would be slashed from five to just two, saying that "clothes should have a longer life" and that his future collections would be "seasonless". Sales also got a boost from 2021's Ridley Scott-directed 'House of Gucci' film with Lady Gaga and a host of Hollywood A-listers. Also read: Gucci to Dolce & Gabbana: Luxury fashion brands that are vegan, eco-friendly and anti-fur But enthusiasm had begun to wane among industry insiders, according to WWD, with Kering CEO Francois-Henri Pinault eager for a quick change at the helm. Pinault wished the designer a "great next chapter in his creative journey". "The road that Gucci and Alessandro walked together over the past years is unique and will remain as an outstanding moment in the history of the house," he said. Financial analysts at the brokerage firm Bernstein said earlier in a research note to clients: "Gucci is suffering from brand fatigue and Alessandro Michele has been doing the same thing for the past seven years." "Institutional investors appear to agree that a new approach is needed to relaunch the brand," added analysts at Royal Bank of Canada.

Gucci parts ways with star creative director Alessandro Michele

Singer Lady Gaga is once again returning to the silver screen with her next crime thriller film based on the Gucci family fashion dynasty. The film will dive into the murder of the grandson of founder Guccio Gucci. 
 
The 33-year-old singer will play the role of Patrizia Reggiani, the ex-wife of Maurizio Gucci. The real-life story of the Gucci family is very sorted and far from the idyllic glitz and glam lifestyle of the iconic fashion company itself. 
 
Patrizia was tried and convicted of orchestrating her ex-husband's assassination in front of his office in 1995. She served 18 years in prison and was released in 2016, reported news agency. 
 
The film will be based on the book 'The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden'. This is Lady Gaga's first major role since her critically acclaimed performance in the 2018 film 'A Star Is Born'.&nbsp; 
 
The singer was also nominated for a Best Actress Oscar and won one for Best Song for the chart-topping track 'Shallow'&nbsp;from the film.

Singer Lady Gaga is once again returning to the silver screen with her next crime thriller film based on the Gucci family fashion dynasty. The film will dive into the murder of the grandson of founder Guccio Gucci.

Singer Lady Gaga is once again returning to the silver screen with her next crime thriller film based on the Gucci family fashion dynasty. The film will dive into the murder of the grandson of founder Guccio Gucci. The 33-year-old singer will play the role of Patrizia Reggiani, the ex-wife of Maurizio Gucci. The real-life story of the Gucci family is very sorted and far from the idyllic glitz and glam lifestyle of the iconic fashion company itself. Patrizia was tried and convicted of orchestrating her ex-husband's assassination in front of his office in 1995. She served 18 years in prison and was released in 2016, reported news agency. The film will be based on the book 'The House of Gucci: A Sensational Story of Murder, Madness, Glamour, and Greed by Sara Gay Forden'. This is Lady Gaga's first major role since her critically acclaimed performance in the 2018 film 'A Star Is Born'. The singer was also nominated for a Best Actress Oscar and won one for Best Song for the chart-topping track 'Shallow' from the film.

Lady Gaga to star in crime-thriller film on the Gucci family fashion dynasty

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Gucci parts ways with star creative director Alessandro Michele

Lady Gaga to star in crime-thriller film on the Gucci family fashion dynasty