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Luca de Meo, chief executive officer of Renault SA, during the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. The annual technology and startup conference runs until June 14. Photographer: Nathan Laine/Bloomberg

Gucci owner Kering appoints de Meo as CEO, shares soar

Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of Renault tumbling.

Business • 17 Jun

Kering shares up, Renault down as CEO quits the carmaker

Gucci owner Kering is poised to hire Renault chief executive Luca de Meo in an effort to turn around the debt-laden luxury conglomerate, five sources told Reuters, sending Kering shares soaring and Renault's to multi-month lows.

Business • 16 Jun

Renault was one of the few companies in the sector to maintain its targets for last year

Renault beats its profit forecast for 2024

French car maker Renault has today reported a record operating profit for 2024, beating expectations, as lower costs and a string of new launches boosted margins.

Business • 20 Feb

Renault said its turnaround was ahead of plan and it would repay pandemic-era state loans early

Renault posts first annual profit in three years

Renault has today reported its first annual profit in three years and said finance chief Clotilde Delbos would move to lead its car sharing and data business full time as it steps up the shift to an electric and greener future.

Business • 18 Feb 22

Renault's overall Q1 sales slipped to €10 billion from a year earlier, the fifth successive quarter of falling revenue

Renault posts falling revenue amid turnaround effort

French carmaker Renault has today reported a fall of 1.1% in first quarter revenue, despite a boost from rising vehicle prices as the group looks to focus on more profitable models under chief executive Luca de Meo.

Business • 22 Apr 21

Renault has embarked on cost cuts to try and jumpstart its recovery

European recovery helps mitigate sales fall at Renault

French carmaker Renault posted an 8.2% fall in third-quarter revenues today in the first months of its turnaround attempt under new boss Luca de Meo.

Business • 23 Oct 20

French carmaker Renault has reported a record net loss of €7.29 billion in the first half of the year

Renault gets 'wake-up call' with record €7 billion loss

French carmaker Renault said it had been given a wake-up call with a record net loss of €7.29 billion in the first half of the year, inflicted by the Covid-19 crisis and troubles at its alliance partner Nissan.

Business • 30 Jul 20

Luca de Meo