Who will take over at Gucci when Frida Giannini leaves?

Designer Frida Giannini
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Gucci's creative director Frida Giannini and CEO Patrizio di Marco will be stepping down from their jobs, the Italian brand announced Friday, with the imminent departure of its two top employees (and real-life couple) set for early next year, but with replacement for the designer currently in the picture, rumors have been circulating.

Di Marco, who has been CEO for six years will leave his job on January 1, while Giannini will follow with her own departure at the end of February, after her final collection is shown for Fall/Winter 2015. While the CEO position will be filled by former Bottega Veneta (also within the Kering group) CEO Marco Bizzarri, Giannini's successor has not yet been found.

Kering boss François-Henri Pinault thanked the Italian designer "for her extraordinary passion, dedication and contribution to the Gucci brand" where she has worked since 2002 and held the title of creative director since 2006.

The search is already underway for her replacement, who will lead the brand from the Spring/Summer 2016 shows onwards. Rumors reported in WWD suggest two potential candidates for the job: Italian designer, and current creative director of Givenchy, Riccardo Tisci, and the fast-rising Franco-American talent Joseph Altuzarra.

Tisci's appointment would be something of a shock to the industry, with the designer moving across from Givenchy which is owned by Kering's rivals LVMH. Meanwhile Altuzarra is already part of the Kering fold, following the luxury group's acquisition of a stake in his namesake label. Whatever happens over the next few months you can expect a monster spectacle for Giannini's final show in Milan on February 25 next year.

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