CEO of Renault group Luca de Meo gives a speech during a ceremony to unveil the Alpine A390 electric car, in Dieppe, northwestern France, on May 27, 2025. ©Lou BENOIST / AFP
French luxury group Kering has appointed Luca de Meo, the former CEO of Renault, as its new chief executive. The move comes as the group’s flagship brand, Gucci, faces a slowdown in sales, prompting a broader leadership shift aimed at guiding Kering into a new phase of development.
French luxury group Kering announced Monday that it had appointed Luca de Meo, who helped drive automaker Renault out of crisis, its new chief executive as sales at its leading brand Gucci have slumped.
The appointment "marks a decisive step in the evolution of Kering's governance and strengthens the Group's leadership as it enters a new phase of its development", the company said in a statement.
With AFP
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