Kering's Gucci Artistic Director Appointed
This is a Gvasalia news story, published by CNBC, that relates primarily to Balenciaga news.
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Entertainment
Kering shares plunge 12% after Demna Gvasalia named as Gucci's artistic director

74% Informative
Gvasalia , known as Demna in the industry, joins internally from Kering -owned Balenciaga .
He replaces Sabato De Sarno , whose departure was announced last month .
Gucci sales plunged 24% annually in the fourth quarter to 1.92 billion euros .
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