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American Focus > Blog > Economy > Renault boss De Meo quits, with expected switch to Gucci-owner Kering
Economy

Renault boss De Meo quits, with expected switch to Gucci-owner Kering

Last updated: June 16, 2025 9:45 pm
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Renault boss De Meo quits, with expected switch to Gucci-owner Kering
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Renault Chief Executive Luca de Meo’s decision to leave the French carmaker and potentially take charge at luxury goods group Kering has sent shockwaves through both industries. Analysts have weighed in on this move, highlighting both the potential benefits and risks associated with De Meo’s transition to the luxury sector.

Equita analyst Paola Carbon notes that while De Meo may be a newcomer to the luxury world, his change-oriented managerial style, Italian origins, and experience in a French group make him an attractive choice for Kering. UBS analyst Zuzanna Pusz adds that De Meo’s marketing and product-driven approach could be beneficial for Kering, despite his lack of prior experience in the luxury industry.

However, Citi analyst Thomas Chauvet expresses caution, citing concerns about the potential downside risk to earnings and balance sheet risk at Kering. JP Morgan analyst Jose Asumendi points out that De Meo’s departure from Renault could pose challenges for the carmaker as it navigates its mid-term plan.

On the other hand, Bernstein analyst Luca Solca believes that De Meo’s brand management and marketing expertise align well with the luxury industry’s needs. Kepler Cheuvreux also views De Meo as a suitable candidate to lead Kering’s turnaround, emphasizing the value of hiring an outsider for the role.

As De Meo steps into this new role, questions remain about how he will adapt to the challenges of the luxury sector and drive growth for Kering. His departure from Renault leaves the carmaker without a leader at a crucial time, raising concerns about its strategic direction and independence.

See also  Freshpet CEO Says 'Outsized Growth' Expected Despite Lowered Sales Target

Overall, De Meo’s move to Kering represents a significant shift in the leadership of both companies, with potential implications for their future performance and growth. Investors will be closely watching to see how De Meo navigates this transition and implements his plans for the luxury group.

This article was reported by Reuters reporters and compiled by Josephine Mason, with editing by David Goodman and Tomasz Janowski.

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