Next Gucci CEO may have toughest job in luxury

News Snapshot:

LONDON, July 19 (Reuters Breakingviews) - Gucci is getting a new look. Owner Kering (PRTP.PA) late on Tuesday announced that the label’s CEO Marco Bizzarri is stepping down, while the French parent group’s managing director Jean-François Palus will take the brand’s reins in Milan for a transitional period. The Italian fashion house brought in 60% of the 64 billion euro company's EBITDA last year. Kering’s Paris-listed shares rose 6% on Wednesday. The permanent replacement for Bizzarri at Gucci is still a mystery, though JPMorgan analysts reckon investors are interested in Roberto Eggs – the current head of strategy and global...