Overview

• François-Henri Pinault will step down after nearly 20 years to hand over leadership.
• Luca de Meo will depart Renault on July 15 and take the helm at Kering on September 15 pending shareholder approval, bringing a revival record from his turnarounds of the Fiat 500 and Renault 5.
• Kering’s market value has plunged over 60% in two years and its debt has topped $11.5 billion.
• Gucci’s sagging sales and loss of cultural relevance among Gen Z have deepened an identity crisis at the luxury group.
• Rival LVMH is outpacing Kering across most categories as pressure mounts for a swift turnaround.