Gucci owner Kering appoints de Meo
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Gucci parent, Kering, appointed Renault's former CEO, Luca de Meo, as its chief executive, as the company struggles to improve its weak performance.
Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company.
LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here's some initial reaction from analysts.
Kering setzt bei seinem nächsten Vorstandsvorsitzenden auf den Noch-Renault-Chef. Der Italiener hat den französischen Automobilhersteller erfolgreich saniert und soll seine Fähigkeiten nun auch beim angeschlagenen Modelabel Gucci unter Beweis stellen.
The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.