Luca de Meo news and archive

Kering gets green light for phased acquisition of Raselli Franco Group

The French luxury giant is heading to Valenza, a town in the Piedmont region's province of Alessandria. The area is home to the most important production units for international high jewellery. Kering is acquiring Raselli Franco Group, one of Europe's largest independent producers of luxury jewellery. This marks the first acquisition since the...

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New Kering CEO charts turnaround plan with customer focus and faster timelines

The new chief executive officer (CEO) of luxury group Kering, Luca de Meo, is set to speak with the group's key managers. This group comprises several hundred executives. They will meet after reviewing a memo outlining several workstreams to revive the group, AFP learned on Wednesday, confirming a report from La Lettre. The meeting will take the...

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François-Henri Pinault: Heir, strategist and his shadows

“Being an heir isn’t about managing an inheritance; it’s about knowing how to transform it.” This statement, attributed to François-Henri Pinault, summarises his career path. It is the path of a son who not only continued his father’s work but also transformed it to the point of changing its fundamental nature. Where François Pinault built a...

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Kering: Luca de Meo promises swift, "clear and strong" choices to "streamline, reorganise, reposition" certain brands

"The current situation reinforces our determination to act without delay", stated Luca de Meo on Tuesday at the Kering shareholders' meeting, which is to validate his appointment as the group's new chief executive officer. "This will require clear and strong choices." He emphasised the need "to continue deleveraging and, where necessary,...

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Luca de Meo: Automotive veteran to revitalise Kering

The top position at luxury group Kering is highly sought after. It is also currently in the spotlight of the fashion industry like no other. From next week, Luca de Meo will hold this role. A look at his CV reveals that the former automotive CEO not only has a knack for brands, but also a penchant for creative ideas and stylish suits. Passion as...

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Kering to offer Luca de Meo 20 million euro welcome bonus

Struggling luxury group Kering will offer a "welcome bonus" of 20 million euros to its new managing director, Luca de Meo, at the company's general meeting in September, which is to approve his appointment. Kering officially announced in mid-June the arrival of de Meo, aged 58, to the newly created position of managing director. The current CEO,...