Meet the new CEO of Gucci's parent company, who has a big turnaround job ahead
Kering announced that Luca de Meo, the former CEO of Renault, will be its new chief executive, starting in September, to address recent revenue declines.
Kering bets on Renault boss Luca de Meo to revive Gucci
The dramatic jump in Kering shares indicates investor optimism regarding a new chapter under Luca de Meo, who aims to rejuvenate Gucci amidst declining sales.