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The Latest Breaking News from Luca de Meo

L’Oréal seals €4bn deal for Kering’s entire luxury beauty portfolio

In a move set to reshape the global beauty landscape, L’Oréal will take over Kering’s complete beauty portfolio, from Creed niche fragrances to Gucci makeup products.

Euronews

Kering Sells Beauty Division to L'Oréal in €4 Billion Deal — Here's Why

Kering sells its beauty division to L'Oréal for €4 billion in CEO Luca de Meo's first major move to cut debt and refocus on core fashion brands Gucci, Bottega Veneta and Balenciaga.

International Business Times

Gucci owner Kering to sell beauty unit to L’Oreal in £3.5bn deal

Luxury fragrance brand House of Creed will become part of the L’Oreal Luxe division under the deal.

Evening Standard

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Gucci owner Kering to sell beauty division to L’Oréal for €4bn

New chief executive Luca de Meo aims to bring down debt burden and refocus on core fashion business

The Guardian - UK

Kering Sells Beauty Division to L'Oréal in £3.36 Billion Deal — Here's Why

Kering sells its beauty division to L'Oréal for €4 billion in CEO Luca de Meo's first major move to cut debt and refocus on core fashion brands Gucci, Bottega Veneta and Balenciaga.

International Business Times UK

From selling cars to selling handbags: with the arrival of Luca de Meo at Kering (Gucci, Balenciaga), is luxury becoming a sector like any other?

What do the luxury sector and the automotive sector have in common? Until recently, even asking the question would have seemed incongruous, given the apparent dissimilarity between brands engaged in mass production in search of economies of scale and those based on lavish spending and limited editions. The arrival of…

The Conversation

Gucci Owner Kering Posts 46% Profit Slump Before New CEO Arrives

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing.

International Business Times

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Renault shares plummet 17% after profit warning and weak results

The carmaker disappointed with its preliminary financial figures for the past six months and has not yet found a permanent successor to former CEO Luca de Meo, instead appointing an interim leader.

Euronews

What Renault boss Luca de Meo's exit means for Alpine F1 team

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the Covid-19 pandemic. On his way to turning that around to a €4.26billion operating…

Motorsport

What Renault boss De Meo's exit means for Alpine F1 team

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the COVID-19 pandemic. On his way to turning that around to a €4.26billion operating…

Autosport

Starmer Stands Firm on PIP Cuts Despite Backlash from Labour Ranks

Despite escalating criticism from within his party, Prime Minister Keir Starmer has confirmed that proposed reforms to Personal Independence Payments (PIP) will proceed as planned.

The Fashion Central

Katie Price Unveils ‘Bigger and Bolder’ Look in Ibiza Poolside Debut

Katie Price has left fans gobsmacked with her latest body transformation after showing off the results of another cosmetic procedure while partying in Ibiza.

The Fashion Central

Kering Appoints Renault Boss Luca de Meo as CEO to Revive Gucci

French luxury group Kering has tapped Luca de Meo, the outgoing chief executive of Renault, to become its next CEO in a bold bid to revive Gucci

The Fashion Central

Shock at Renault: Shares plunge as CEO reportedly departs to Gucci-owner Kering

In a surprise move, French carmaker Renault Group’s CEO Luca de Meo announced his departure on Sunday. The company’s shares tumbled by nearly 7% on Monday, following the news.

Euronews

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International Business Times

Struggling Gucci Owner's Shares Soar Over New CEO Reports

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group.

Motor1

Renault CEO Luca de Meo Suddenly Resigns

The Renault Group is seeking a new CEO following Luca de Meo’s surprising decision to resign after five successful years at the helm of the French brand. Having previously contributed to the rise of Volkswagen Group’s SEAT brand during a five-year tenure, he joined Renault in July 2020. At the…

Motorsport

More change at Alpine F1 as Renault Group CEO Luca de Meo quits

Renault Group CEO Luca de Meo announced a shock departure from his role at the Alpine Formula 1 team's parent company.

Autosport

More change at Alpine F1 as De Meo quits as Renault Group CEO

Renault Group CEO Luca de Meo has announced a shock departure from his role at the Alpine Formula 1 team's parent company.

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Motorsport

Alpine F1 team boss Oliver Oakes resigns with immediate effect

Alpine team principal Oliver Oakes as resigned with immediate effect, the team has announced. Oakes was brought to the team in July last year to replace Bruno Famin and then went on to form a tandem with executive advisor Flavio Briatore. But six races into the 2025 season Oakes has…

Autosport

Briatore's blueprint to replicate Alpine's past F1 title success

It turns out that Formula One Management is not alone in planning on producing a new movie. If Flavio Briatore gets his way, then Alpine is also working on a blockbuster hit that would tell the story of it winning the 2027 Formula 1 world championship.

Motorsport

How Briatore aims to direct Alpine’s F1 title ambitions into a blockbuster hit

It turns out that Formula One Management are not alone in planning on producing a new movie. If Flavio Briatore gets his way, then Alpine is also working on a blockbuster hit that would tell the story of it winning the 2027 Formula 1 world championship.

Motorsport

Is Renault meddling too much with Alpine’s F1 team? Oakes refutes that theory

Alpine team principal Oliver Oakes has responded to comments from Otmar Szafnauer hitting out at the Renault leadership, asserting his Formula 1 team is "very lucky to have that support".

Motorsport

Alpine announces Mercedes F1 engine deal for 2026 and beyond

The Alpine Formula 1 team has officially announced it will switch to Mercedes power units from the 2026 season onwards.

Autosport

How a world karting champion ended up an F1 team boss

Oliver Oakes might be able to lay claim to being the quickest team principal in F1, but for the meantime however, he has his work cut out in saying the same for his Alpine team. 

Motorsport

What we learned about Renault's F1 engine shutdown

Renault's decision to end its Formula 1 works engine project has been one of the biggest stories of the 2024 season.

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