Kering, the parent company of luxury brand Gucci, has appointed automotive executive Luca de Meo to a prominent position within the organization. De Meo, formerly the head of Renault, is set to bring his cross-industry expertise to the luxury sector. His appointment signals a strategic shift as Kering seeks to innovate and adapt in the competitive global luxury market. Industry insiders speculate that this move could lead to fresh perspectives and potential synergies between automotive and luxury goods sectors.
— new from WSJ