The former chief executive of the carmaker Renault will replace François-Henri Pinault as the struggling company seeks a turnaround.

Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company.

Luca de Meo, who resigned from carmaker Renault on Sunday, is widely tipped to succeed François-Henri Pinault at the management helm of the French luxury group.

Luca de Meo, who joins the struggling luxury firm from car maker Renault, will succeed François-Henri Pinault, who will remain chairman of the board.

The following is a timeline of the major events in the French luxury fashion group's history. 1962 - Francois Pinault founds Etablissements Pinault, a timber trading company based in Rennes that will transform into Kering.

Kiran Rao, Liang Jing, Luiza Mariani, and 'Ne Zha' voice actress Lyu Yanting share their journeys and push for greater representation at Kering’s first Women In Motion event in China.

Press release - Kering announces the appointment of Luca de Meo 16 06 25 PRESS RELEASE June 16, 2025 KERING ANNOUNCES THE APPOINTMENT OF LUCA DE MEO AS CHIEF EXECUTIVE OFFICER The Kering Board of Directors,