Kering CEO shifts focus to Gucci growth as debt levels fall
CEO Luca de Meo is shifting his focus to reviving Gucci after selling assets to reduce Kering debt. Investors now await sales data and a new strategic plan.
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Xurve View
Seven months into his tenure, Luca de Meo has successfully stabilized the financial foundation of KERING, but the executive now faces the formidable task of revitalizing its flagship brand, Gucci. Since assuming the leadership role in September, the former CEO of Renault has moved decisively to shore up the balance sheet through asset sales and new strategic alliances.
