(Reuters) -Gucci owner Kering is planning to appoint Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, according to a report in newspaper Le Figaro. Below are some ...

The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.

Luca de Meo, who has been CEO of Renault since 2020, will succeed him, Kering confirmed on Monday. In anticipation of the news being confirmed, the luxury group’s stock rose 13 per cent on Monday.

L'amministratore delegato di Renault, Luca De Meo, lascerà la casa automobilistica, per assumere la guida del gruppo del lusso Kering. Lo riporta l'agenzia Bloomberg che, citando Le Figaro.

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Francois-Henri Pinault, who has held the CEO title since 2005, is to remain chairman of the family-controlled luxury group. De Meo is expected to start on Sept. 15.