Reported about 18 hours ago
Kering SA, the owner of Gucci, is set to appoint Luca de Meo, the CEO of Renault, as its new CEO in an effort to revitalize the struggling luxury brand. This decision comes amidst Kering's significant share value decline and challenges faced by Gucci, particularly in the Chinese market. De Meo, recognized for his successful turnaround of Renault, aims to bring similar improvements to Kering as the company navigates leadership restructuring amidst ongoing competition with rivals like LVMH and Hermes.
Source: YAHOO