Renault, which is 15% owned by the French government, was the only major European carmaker not to issue a profit warning in 2024 and De Meo issued ambitious guidance for 2025.

Renault shares fell 8.7%, their most in three years. De Meo, set to join on Sept. 15, will be the first outsider to run Kering, which is controlled by the billionaire Pinault family.

Kering, the struggling French luxury group behind Gucci, is set to name Renault RNO -6.37% Chief Executive Luca de Meo as its new chief executive, taking over from Francois-Henri Pinault, people ...

(RTTNews) - Shares of Kering SA, the Gucci owner, were gaining around 11 percent in the Paris trading after media reported that the French luxury group is set to appoint Luca de Meo, the Chief ...

The French fashion house, which owns beleaguered brands Gucci and Saint Laurent, is embarking on the latest phase of its turnaround. Auto veteran de Meo's departure as CEO of Renault was confirmed ...

Gucci sales have been slumping, pulling down group results for French parent company Kering Michael M. Santiago Renault's departing CEO Luca de Meo is known as a skilled communicator Lou BENOIST ...

Shares of Gucci-owner Kering pop 10% on reports Renault's de Meo to be next CEO By Karen Gilchrist, CNBC • Published June 16, 2025 • Updated on June 16, 2025 at 7:23 am ...

Gucci sales have been slumping, pulling down group results for French parent company Kering Michael M. Santiago Renault's departing CEO Luca de Meo is known as a skilled communicator Lou BENOIST ...

Kering shares were trading up 7.2% by 8:34 a.m. London time as investors and analysts cheered the reports. Renault shares, meanwhile, shed 7%. "Brand management and marketing are [de Meo's] forte ...