From cars to couture: Kering appoints Renault’s Luca De Meo to lead Gucci; French high-fashion brand hopes for revival
Kering has appointed Luca de Meo, renowned for revitalizing Renault, as its new CEO to revive Gucci. This strategic move follows a significant drop in Kering's revenue and profit, largely attributed to Gucci's declining sales. De Meo's track record of turning around struggling companies has raised cautious optimism among analysts, hoping for a similar transformation at Gucci.
Kering has appointed Luca de Meo, renowned for revitalizing Renault, as its new CEO to revive Gucci. This strategic move follows a significant drop in Kering's revenue and profit, largely attributed to Gucci's declining sales. De Meo's track record of turning around struggling companies has raised cautious optimism among analysts, hoping for a similar transformation at Gucci.
