Luca De Meo, the CEO of French automaker Renault, is leaving the company to take a leading position at luxury group Kering, owner of the Gucci brand. De Meo will succeed François-Henri Pinault, who has led Kering for nearly two decades. During his five years at Renault, De Meo successfully turned around the company’s business by reorganizing the alliance with Nissan and steering towards hybrid and electric vehicles. The leadership change at Kering comes amid declining revenues and stock value, and De Meo’s move represents a significant shift in the luxury group’s strategy.
Political Perspectives:
Left: Left-leaning outlets emphasize the strategic shift from the automotive industry to luxury fashion as a move towards sustainability and innovation, highlighting De Meo’s role in promoting hybrid and electric vehicles at Renault. They also focus on the challenges faced by Kering, such as declining sales and the need for revitalization, framing De Meo’s appointment as a potential positive change for the luxury group.
Center: Centrist sources report the facts of De Meo’s career move, noting his achievements at Renault and the significance of succeeding a long-term leader at Kering. They provide balanced coverage of the challenges Kering faces, including financial difficulties and market pressures, without strong editorializing, focusing on the business implications of the leadership change.
Right: Right-leaning media highlight De Meo’s successful turnaround of Renault as evidence of strong leadership and business acumen. They may frame the move as a strategic career advancement and a sign of confidence in De Meo’s ability to restore profitability to Kering. The challenges at Kering are acknowledged but often downplayed in favor of emphasizing the potential for growth and innovation under new leadership.