Renault boss De Meo quits
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(Reuters) -Gucci-owner Kering has appointed Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, it said on Monday. Below are some facts about the new head of the French luxury group, whose brands include Gucci, Saint Laurent, and Bottega Veneta.
Francois-Henri Pinault has recruited Luca de Meo, Renault's boss, to tackle Kering's declining sales and rising debt. De Meo, known for turning around Renault, faces challenges, including Gucci's struggles and a costly potential acquisition of Valentino.