Gucci Owner Taps Renault’s De Meo
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After impressing with his turnaround of French automaker Renault, Luca De Meo is widely expected to be named as the new boss of Gucci owner and luxury powerhouse Kering.
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DPA International on MSNGucci owner reportedly picks Renault CEO as new chief; shares moveShares of Kering, the Gucci owner, were gaining around 11% in the Paris trading after media reported that the French luxury group is set to appoint Luca de Meo, the chief excutive officer of French car major Renault,
News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and sources saying he is being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors.
The Italian De Meo was at the helm of the French car brand for five years. He remains true to the "lifestyle" theme and moves to the luxury fashion group Kering.