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Gucci, Kering and Renault
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· 11h
· on MSN
Gucci owner Kering bets on crisis specialist de Meo to lead revival
Henri Pinault's decision to hire Renault boss Luca de Meo is an audacious but necessary move to address the twin challenge of sagging sales and mounting debt at luxury group Kering, investors and industry players say.
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Renault CEO exit in July raises concern over alliance with Nissan
Renault CEO Luca de Meo will step down from his role on July 15, 2025, after a five-year tenure marked by financial recovery and alliance restructuring with Nissan Motor.
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· 19h
Kering shares surge on reports it’s luring auto exec to run Gucci maker
Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company.
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12h
French Luxury Giant Kering Taps Auto Executive as Its New Leader
The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
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