Kering CFO Dismissed Blackface Scandal Hurt Gucci Sales

Kering released its quarterly sales numbers and it appears that Gucci's increase in growth has started to experience a comedown.

Gucci
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Photography by Victor Serri/SOPA Images/LightRocket via Getty Images

Gucci

Following his appointment to the helm of Gucci in 2015, Alessandro Michele spearheadedย the most effective brand revivalย of the past decade. Gucci's collections had become predictable and prosaicย under Michele's predecessorย Frida Giannini, who lead the brand's creative for eight years. Thus when Michele took the reins, he realized his curated maximalist vision, pulling a hybrid of references from streetwear to English royalty.ย 

The designer's keen use of color and eye for detail helped Gucci reclaim its popularity among fashion critics, who applauded the brand's appointment of such a visionary creative director.ย 

However, in 2018, a scandal befell the acclaimed Italian fashion house, after the brandย sent a turtleneck down the runway that resembled blackface. In response, hosts of celebrities and influencers vowed to stop supporting the brand and criticized them for aย lack of consideration forย people of color.

So @gucci puts out a sweater that looks like blackface......
On Black History Month....
And then issues an apology because they didn't know that blackface images are racist.

๐Ÿคฆ๐Ÿฟโ€โ™‚๏ธ pic.twitter.com/G3HjPTIuuQ

— Tariq Nasheed ๐Ÿ‡บ๐Ÿ‡ธ (@tariqnasheed) February 7, 2019

Although Gucci has implemented measures to promote racial diversity within its ranks, the brand's parent company Kering released its quarterly sales numbers and it appears as though Gucci's growth, while still impressive, has stunted.ย 

According to Kering's announcement, Gucci recordedย โ‚ฌ2.3 billionย (around $2.58 billion in U.S. currency) in sales,ย up 20 percentย from a year earlier. However, according toย Business of Fashion,ย the pace of growth marks aย descent from the year prior, when the brand experienced aย 49 percentย increase in sales.ย Saint Laurent and Balenciaga also experienced considerable sales growth, although those brandsย continue to trail Gucci.ย 

When asked about the report, Kering's chief financial officer Jean-Marc Duplaixย rejected the notion that the blackface scandal played a determining role in Gucci's sales. Perย Business of Fashion,ย "He dismissed the idea that backlash against a balaclava sweater widely criticized for resembling blackface had hurt sales."

Despite the dismissal, it's worth noting that the balaclava sweater prompted rapper T.I. to start a Gucci boycott, which created waves throughout the industry. 50 Cent postedย a video of himself burning his Gucci clothing, and Soulja Boy covered up the forehead tattoo that was once an ode to the brand.ย 

Gucci has spearheaded a comprehensive effort to embed cultural and racial diversity into the brand's ranks and initiatives. In addition to a scholarship fund, Gucci has implemented strategies to launchย community and global exchange programs, and onboardย directors taskedย with promoting diversity.ย 

Whether Gucci's sales were concretely linked to the blackface scandal remains unknown;ย however, the backlash Gucci received and theย initiatives it has since spearheaded to rectify the lack of diversity may signal a shift in awareness.ย 

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