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The Communiqué News

Gucci is continuing its metaverse activities, having signed a multi-year partnership with NFT giant Yuga Labs, the company behind Bored Ape Yacht Club and CryptoPunks.


Swati Bhat

Spanning fashion and digital entertainment, Kering-owned Gucci is building its presence in the metaverse and Web3 domain. The luxury house is investing to further establish itself as an early adopter of blockchain and decentralisation with immersive experiences and virtual fashion.

Last year Gucci lauched the Gucci Grail in association with 10KTF, were digital apparel and accessories were customised into NFTs. The brand also launched SuperGucci, a second NFT line.

Yuga Labs has proven to be a principal player in Web3, with its Otherside Metaverse recording a sales volume of 222 million dollars for the first quarter of 2023, according to Luxuo.

In a Tweet on Monday evening Gucci said it is “continuing to explore the Metaverse, the House comes together with @yugalabs. Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital."



The first menswear collection from Gucci without former creative director Alessandro Michele was unveiled on Friday. After years of presenting in a co-ed arrangement, it was Gucci's first standalone show and served as the official start of Milan Men's Fashion Week. It was undoubtedly a far cry from its Twinsville presentation in September.


Swati Bhat

Look 39 from Gucci Men's FW23, via Launchmetrics Spotlight


As the sound of a bass guitar and vocal filled the air, models began walking out in a moment that both literally and figuratively stripped the house from its recent past, breaking with the ornamentation and poetic styling that have become synonymous with Michele’s aesthetic. The multi-sensory, colourful and genderless expressions were gone, making way for a languid, if more sober, silhouette.


A new simplicity

This resulted in a simplicity that was new for Gucci, even if it is a direction other luxury houses have been adopting since the return of catwalk presentations after the pandemic. As Kering’s most lucrative brand, any transition between appointing creative directors and setting new strategies will need to be micro managed to not lose any customers or sales momentum in the interim.

Billowing trousers, teamed with oversized jackets and floor-length coats brought a sporty vibe to Gucci’s fall men’s offer. In terms of styling, it steered clear of anything too slick, even when compared to the house's former designers Tom Ford and Frida Giannini eras. With the beanie ubiquitous to most looks, it was heavy on the eighties, with layered leg warmers and pixie boots a recurring trend. Accessories were kept to a minimum, at least on the hardware so favoured by Michele, but bags in yellow and pink brought colour, and a lurex top and trousers were a nod to his inclusivity and vintage-inspired creations.

Sportswear was big, with aerobic stripes and ski-themed separates that felt, well, theme-y, making apparent the urgency to appeal to younger consumers. What it lacked was a focus on luxury, or of any craftsmanship reflecting Gucci’s rich past.


Lacking a luxury focus

Gucci Men's FW23 Look 48, via Launchmetrics Spotlight


Fashion houses often wipe the slate clean when they announce new creative appointments, and so expectations at Gucci were not dissimilar. While Mr Michele’s exit came as a surprise to many, and despite any accrued brand ennui in recent seasons, there was a collective acknowledgment toward him for revolutionising genderless dressing and ushering in brand inclusivity. His strength, in the early days at least, was that for every pussy-bow blouse sold to a man, thousands of Double G logo belts and accessories flew off the shelves. This propelled the house to strive for the 10 billion euro mark back in 2018.

No doubt this season was a challenge for the Kering-operated house, having to pivot to a new era, one that bridges the past and lays the foundation for whoever it appoints as its next creative leader.



Gucci is the first luxury house to accept ApeCoin (APE) cryptocurrency in its US stores.


Swati Bhat

Gucci x Superplastic


The Kering-owned maison was quick to adopt digital currencies and will now offer shoppers the possibility to make in-store purchases using ApeCoin through BitPay, the world’s largest provider of online payment services.

Gucci has been trialing a roll-out of digital payments in its stores, starting with its Wooster Street boutique in New York, Rodeo Drive in Los Angeles as well as in Miami, Atlanta and Las Vegas.

70 percent of Gucci’s American retail network now accepts cryptocurrencies, which will roll out to all its stores by early August.

Other cryptocurrencies accepted at Gucci include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB) and 5 stablecoins linked to the US dollar (GUSD, USDC, USDP, DAI, BUSD).

Earlier this year Gucci launched a digital collab with Superplastic, debuting a three-part series of NFTs co-created by Gucci's Creative Director Alessandro Michele and synthetic artists Janky & Guggimon. The collection was limited to 500 items made.


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