DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

François-Henri Pinault Expected To Be Replaced by Renault CEO Luca de Meo at Kering

June 16, 2025
in News
François-Henri Pinault Expected To Be Replaced by Renault CEO Luca de Meo at Kering
495
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Summary

  • Luca de Meo, the current CEO of Renault, has announced his decision to step down from the French carmaker effective mid-July 2025
  • Rumored to become Kering’s new CEO, the potential appointment comes as Kering faces pressure to revitalize its performance, particularly with its flagship brand, Gucci
  • François-Henri Pinault, current CEO and Chairman of Kering is expected to step down, but maintain his Chairman position

Luca de Meo is set to step down from his position as Chief Executive of Renault in mid-July to pursue new opportunities outside the automotive sector. According to French outlet – Le Figaro, it is rumored that he will take the helm as the new CEO of Kering, the French luxury conglomerate known for iconic brands such as Gucci, Saint Laurent and Balenciaga.

Although de Meo has declined to comment, speculation has intensified — particularly after reports emerged last week suggesting that François-Henri Pinault, the current Chairman and CEO of Kering, is preparing to relinquish his role and retain his position as Chairman while bringing in new leadership to steer the group.

Fueling further speculation, Kering abruptly canceled a scheduled event with financial analysts set for Monday, June 16th, 2025. Kering has also recently faced mounting challenges, particularly with Gucci. Once considered their “cash cow,” Gucci has seen a significant decline in sales and profitability. Kering’s share price has plummeted by over 60% in the past two years, and the company is currently managing more than €10 billion EUR (approximately 11.5 billion USD) in debt.

Luca de Meo is widely credited with revitalizing Renault during his five-year tenure achieving economies of scale by implementing cost-cutting initiatives, shifting focus toward electric vehicles and restructuring the brand’s alliance with Nissan. His proven track record has led many to believe he is being tapped to execute a similar turnaround strategy at Kering — especially as the group looks to reignite momentum at Gucci. Kering has not confirmed the reports at the moment.

The post François-Henri Pinault Expected To Be Replaced by Renault CEO Luca de Meo at Kering appeared first on Hypebeast.

Tags: KeringLuca de MeoRenault
Share198Tweet124Share
Taylor Swift, LL Cool J, Kenny Loggins and David Byrne are among Songwriters Hall of Fame nominees
Entertainment

Taylor Swift, LL Cool J, Kenny Loggins and David Byrne are among Songwriters Hall of Fame nominees

by Associated Press
October 23, 2025

NEW YORK (AP) — Taylor Swift, Kenny Loggins, LL Cool J, Pink, Sarah McLachlan and Talking Heads’ David Byrne are ...

Read more
News

Democrats once undermined the Army. Now they undermine the nation.

October 23, 2025
News

The iPad Pro M4 Is On Sale. Should You Buy It?

October 23, 2025
News

America’s Growth Leaders of 2025

October 23, 2025
News

The Lost Boys of Task

October 23, 2025
How TIME and Statista Determined America’s Growth Leaders of 2025

How TIME and Statista Determined America’s Growth Leaders of 2025

October 23, 2025
I spent 6 weeks in Prague. Here are the 4 best things I did, and the 2 I’d skip next time.

I spent 6 weeks in Prague. Here are the 4 best things I did, and the 2 I’d skip next time.

October 23, 2025
Miami Heat’s Terry Rozier arrested in FBI sports betting probe, sources say

Miami Heat’s Terry Rozier arrested in FBI sports betting probe, sources say

October 23, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.