Luxury group Kering's partner in Valentino was quick to rule out a newspaper report on Friday that the two were considering ...

Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of ...

Now that De Meo has been named as CEO of the French owner of Gucci and other luxury brands, “it is not hard to imagine how intriguing he found the Kering opportunity,” Solca said.

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 ...

Luca de Meo, who has been CEO of Renault since 2020, will succeed him, Kering confirmed on Monday. In anticipation of the news being confirmed, the luxury group’s stock rose 13 per cent on Monday.

De Meo's unexpected departure marks the second top-level exit from a European carmaker in six months, after Carlos Tavares resigned from Stellantis, at a time the sector in Europe is reeling from ...

Renault also announced the appointment of Duncan Minto as interim CEO.

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 ...

De Meo will be missed on the road car side, but on the motorsport side, his involvement in ending Renault's F1 programme in the most cynical way won't be forgotten quickly.

De Meo is expected to deliver a revised strategic plan by the end of this year, one that could see the group continue to pull back from ex-CEO Carlos Ghosn's strategy of internationalization, and ...

De Meo said that going into the negotiations to reboot the 24-year-old alliance he believed Renault could be successful as a stand-alone company, even without Nissan’s larger sales volume.

De Meo also sees other problems with the Formula 1 rules. "The reward structure in Formula 1 does not take into account the investments that the manufacturer teams have to make," said de Meo.