Kering will propose a 20 million euros ($22.89 million) signing-on bonus for its new CEO Luca de Meo, adding to an overall ...

Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...

About 1,000 unionized Gucci employees are threatening to strike over unpaid welfare bonuses promised by parent company Kering ...

Renault appoints Francois Provost as CEO after Luca de Meo’s exit, facing EV pressure, trade risks, and a $10.97B ...

Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO, confirming reports that sent its shares soaring and those of Renault to multi-year lows earlier on Monday. The ...

Renault named Francois Provost as CEO on Wednesday, opting for a low-profile insider to steer the French carmaker through ...

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping ...

The executive, Luca de Meo, 52, recently stepped down as the president of SEAT, a Spanish car brand that has become one of Volkswagen’s best-performing divisions since he took over in 2015.

Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

FILE PHOTO: Renault Group's CEO Luca de Meo attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.

The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.

Luca de Meo will become Chief Executive Officer of Renault S.A. and Chairman of Renault s.a.s., effective July 1, 2020.