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

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the ...

De Meo's turnaround credentials were enhanced by his work at French carmaker Renault, but he has much to do if he is to replicate the successes of cross-sector heavyweights such as Robert Polet ...

The former Renault chief could receive a signing bonus of €20 million upon joining the luxury group, along with an annual ...

Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...

Shares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of beleaguered brands Gucci and Saint ...

The board appointment of de Meo, who arrived at Renault in July 2020, is a signal to Nissan’s leadership that the Italian-born CEO has the backing of Renault’s board as well as of the French ...

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.

De Meo's move to Kering, whose plans to turn around Gucci have not convinced stock market investors, will mark a dramatic change at the group. Its shares have lost two-thirds of their value over ...

De Meo, 52, will take up the post on July 1, Renault said in a statement on Tuesday. He replaces Clotilde Delbos, who took over as Renault's interim CEO after Bollore stepped down in October.

De Meo, set to join on Sept. 15, will be the first outsider to run Kering, which is controlled by the billionaire Pinault family. Kering manages renowned fashion brands like Gucci and Balenciaga.

Paul De Meo, who is best known for adapting the screenplay of Dave Stevens’ comic book, The Rocketeer, died unexpectedly on Feb. 26. In addition to the Disney classic, he wrote and produced many ...