The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.

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.

Francois-Henri Pinault, who has held the CEO title since 2005, is to remain chairman of the family-controlled luxury group. De Meo is expected to start on Sept. 15.

Kiran Rao, Liang Jing, Luiza Mariani, and 'Ne Zha' voice actress Lyu Yanting share their journeys and push for greater representation at Kering’s first Women In Motion event in China.

The following is a timeline of the major events in the French luxury fashion group's history. 1962 - Francois Pinault founds Etablissements Pinault, a timber trading company based in Rennes that will transform into Kering.

Luca de Meo, who resigned from carmaker Renault on Sunday, is widely tipped to succeed François-Henri Pinault at the management helm of the French luxury group.

Here are some of the stocks on the move for Monday, June 16. Chipmakers like Nvidia (NVDA) and Broadcom (AVGO) are on the move after Taiwan imposed export controls on China's Huawei and SMIC. US Steel (X) shares are on the rise after President Trump signed off on its deal to be acquired by Nippon Steel (5401.

By Purvi Agarwal and Sanchayaita Roy (Reuters) -European shares edged higher on Monday, rebounding from last week's losses, as investors shook off jitters stemming from escalating geopolitical tensions in the Middle East,