Gucci parent, Kering, appointed Renault's former CEO, Luca de Meo, as its chief executive, as the company struggles to improve its weak performance.

Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of ...

Renault’s share prices had dropped by 6.9% by early afternoon in Paris, while Kering was traded 9.6% higher, as Luca de Meo, the Italian CEO of Renault Group, suddenly resigned from his post on Sunday ...

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.

Kering, the beleaguered owner of Gucci, Saint Laurent, Balenciaga and other big fashion brands, announced Luca de Meo, the former boss of the French carmaker Renault, as its new chief executive on ...

Renault boss Luca de Meo is preparing for an unconventional move to Kering, whose other brands include Saint Laurent and ...

Shares of Kering jumped Monday after reports trickled out beginning Sunday that Kering planned to tap Luca de Meo as its new CEO. The stock closed 13.5% higher.

Forbes contributors publish independent expert analyses and insights. Automaker Renault’s CEO is widely tipped to be announced imminently as the new boss of luxury group Kering, owner of Gucci ...

Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

Shares of French fashion house Kering popped as much as 10% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. Stream NBC 5 for free, 24/7, wherever you are. It ...

Renault Boss De Meo Quits; Report Says He Will Head Gucci-Owner Kering By Tassilo Hummel PARIS (Reuters) -Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto ...