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Kering’s Comeback Kid

For decades, François-Henri Pinault executed a playbook that transformed his father’s retail business into a modern luxury superconglomerate. But macroeconomic headwinds and internal havoc call for a new playbook. Does Luca de Meo, who turned around Renault, have the magic touch?

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Luca de Meo
From the accounts I've heard, de Meo is also an incredibly charismatic leader: tough, but inspiring. He doesn’t know bags like he knows cars, and he’s never worked in a traditional direct-to-consumer business. Photo: Benjamin Girette/Bloomberg/Getty Images
Lauren Sherman
June 19, 2025

There were many people inside Kering, including at the highest levels, who didn’t know that Renault C.E.O. Luca de Meo was about to become their new boss. It was only on Friday night that Kering C.E.O. and controlling shareholder François-Henri Pinault shared the news. Even internal candidates for the job were in the dark until the very last moment. Sure enough, the news leaked by Sunday.

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