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The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.
Bernstein analyst Luca Solca said de Meo’s top priorities should be reviewing the team and strategy at Gucci, the group’s biggest brand, as well as cutting debt and refocusing investments.
As the new chief executive officer of Kering effective Sept. 15, Renault executive Luca de Meo is expected to bring a fresh vision to a luxury sector facing myriad headwinds and “structural ...
Gucci owner Kering is planning to appoint Luca de Meo, currently CEO of French carmaker Renault , as its new chief executive, according to a report in newspaper Le Figaro.
The luxury group confirmed speculations reported by a number of media outlets this weekend. Pinault will retain his role as Kering chair.
De Meo's unexpected departure marks the second top-level exit from a European carmaker in six months, after Carlos Tavares resigned from Stellantis.
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