Who is Luca de Meo, reported to be Kerings new CEO?

Kering, the luxury goods giant behind iconic brands like Gucci, is reportedly set to appoint Luca de Meo as its new CEO. Currently at the helm of French carmaker Renault, de Meo's potential transition to Kering marks a significant shift from the automotive industry to the world of high fashion. His appointment would succeed François-Henri Pinault, who has led the group with a focus on sustainable luxury. Luca de Meo has a distinguished career in the automotive sector, with previous leadership roles at Fiat, Audi, and SEAT before joining Renault in 2020. Known for his strategic acumen and innovative approach, de Meo has been credited with revitalizing Renault's brand and steering it through challenging times. His ability to navigate complex markets and drive growth will be put to the test in the luxury sector, where he is expected to bring fresh perspectives and strategies. Kering's decision to bring in de Meo comes as the company seeks to bolster its position in the competitive luxury market. With a focus on expanding its digital presence and enhancing customer experiences, de Meo's leadership could prove pivotal in achieving these goals. As the fashion world awaits official confirmation, industry insiders are keen to see how his automotive expertise will translate to luxury fashion, potentially redefining Kering's future trajectory.

— Authored by Next24 Live