Major luxury houses are appointing new leadership including Francesca Bellettini at Gucci and Giuseppe Marsocci at Armani as the industry prepares for 2026. These executive shifts follow a volatile 2025 marked by the loss of 50 million customers and new trade tariffs imposed by Donald Trump. Strategic creative overhauls at Chanel and Dior accompany massive commercial deals such as the 1 billion dollar acquisition of Rhode by Elf Beauty.Francesca BellettiniGiuseppe MarsocciDonald Trump Published: 8h | Updated: 5h