Kering SA, the holding group that owns Gucci, has announced today that creative director Frida Giannini and CEO Patrizio di Marco have both stepped down from their positions. The duo are a couple and have a daughter Greta together. Di Marco departs on January 1, whilst Giannini will leave at the end of February 2015, after showing her Fall/Winter 2015 collection at Milan Fashion Week.

Di Marco joined Kering 13 years ago as the CEO of Bottega Veneta before moving to Gucci in 2008. Giannini joined the group 12 years ago, when she left Fendi for Gucci, moving through the ranks of the brand under Tom Ford. Incoming CEO Marco Bizzarri took over the reins at Bottega Veneta in 2009, moving from Stella McCartney which he joined in 2005

"Giannini has also been instrumental in repositioning the universe of Gucci beyond design, developing the architectural and interior environments for Gucci's store concept and conceiving the Gucci Museo in Florence," said Kering in its statement.