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 ...

(IDEX Online) - Kering, the luxury conglomerate that owns high jewelry maisons Boucheron, Pomellato, DoDo, and Qeelin, is ...

The French luxury group is preparing for the arrival of new CEO Luca de Meo by ramping up store closures, but has no plans to ...

The announcement late on Sunday that de Meo would leave Renault in mid-July to take on new challenges outside the automotive sector and his mooted switch to Kering sent the latter’s shares up ...

De Meo will succeed Kering's departing CEO, François-Henri Pinault, who has led the luxury company for the past two decades. Pinault will stay on as the chairman of Kering's board of directors ...

De Meo’s efforts to help Renault bounce back also included strengthening Dacia’s presence in Europe by launching the Bigster compact SUV. A low-cost electric model built in Europe is expected ...

Browse here. De Meo led the turnaround of Renault after taking charge of the French carmaker about five years ago, returning it to profit and growth despite substantial challenges facing the global ...

De Meo will remain in his role until then as the board identifies a successor. "There comes a time in one’s life when one knows the job is done," De Meo was quoted as saying.

De Meo will also need to address Kering's planned acquisition of the 70% of fashion brand Valentino that it doesn't already own. Kering bought 30% in 2023 for $1.9 billion and intends to buy the ...

Mr. de Meo, 58, resigned on Sunday from Renault, which he had run since 2020. He also holds stints at Volkswagen, Fiat and Toyota under his belt, but has never worked in the fashion industry before.

But de Meo pointed out the hypothesis that Brussels’ strictness towards four-wheel drive vehicles (which will have to reduce CO2 emissions by 100% by 2035, while the energy industry talks about 70% ...