From Yahoo Finance: 2025-06-16 15:15:00

Francois-Henri Pinault, CEO of Kering Group, has chosen Luca de Meo, CEO of Renault, to succeed him. This decision caused Kering’s stock to soar by 13.5% as investors show optimism in the struggling fashion house’s future. Gucci, Kering’s main brand, has been facing challenges with declining sales, especially in China. De Meo, known for his brand management and marketing expertise, faces a tough road ahead in revitalizing Kering’s appeal to consumers and investors. Pinault will remain as chairman of the board after de Meo takes over in September.

Sources:
– Fast Company
– CNBC
– The Wall Street Journal



Read more at Yahoo Finance: Kering bets on Renault boss Luca de Meo to revive Gucci