Luca de Meo's Leap from Automobiles to Luxury: A New Chapter for Kering
Luca de Meo, current CEO of Renault, is reportedly set to become the new chief executive at Kering, the luxury group behind brands like Gucci, Saint Laurent, and Bottega Veneta. De Meo, known for revitalizing struggling brands in the automotive industry, faces the challenge of turning around Kering's recent underperformance.
Gucci's parent company, Kering, is reportedly considering appointing Luca de Meo, currently the CEO of Renault, as its next chief executive. The move signals a potential fresh direction for the luxury group amid recent underperformances.
Luca de Meo, a seasoned leader with over 30 years in the automotive industry, is recognized for his strategic acumen and success in reviving brands. Having graduated from Luigi Bocconi Commercial University with a degree in business administration, de Meo's career spans significant leadership stints at top automotive companies like Renault, Toyota, Fiat, and Volkswagen.
With declining sales at Gucci affecting Kering's valuation and investor confidence, the anticipated change in leadership with de Meo is seen as an opportunity to reassess and rejuvenate the company's strategic direction, an enticing challenge for the automotive veteran.
(With inputs from agencies.)
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