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A few days before the former Renault chief Luca de Meo took on his role as CEO of Kering in September, the group held a combined general meeting<\/a> that approved his appointment as well as the change of age limit for the chair and CEO roles, from 65 to 80 and 70 respectively. Nine months later, shareholders convened again at Kering\u2019s headquarters to discuss the new executive\u2019s early moves. \u201cI can tell you that these first nine months spent with Luca fully validate the governance choices we made,\u201d Kering chair Fran\u00e7ois-Henri Pinault told shareholders.<\/p>\n On the agenda of the general meeting was de Meo\u2019s remuneration and the appointment of Laurent Kleitman<\/a>, CEO of Mandarin Oriental and former CEO of Parfums Christian Dior and Marie-H\u00e9l\u00e8ne Chenut to the Kering board of directors. De Meo also summarized his \u201cReconKering\u201d strategy, which he had presented a month earlier at the Capital Markets Day in Florence.<\/a><\/p>\n During the Q&A session with shareholders and a media scrum afterwards, topics ranged from Gucci\u2019s F1 deal, to the house\u2019s new store concept and the opportunity in smart glasses. The whole thing ended in a selfie frenzy when a number of young shareholders asked the two executives for photos together. \u201cOne share, selfie with Luca; two shares, with me,\u201d Pinault joked. Here are some highlights:<\/p>\n Gucci has been underperforming in recent years. The pressure is on for CEO Francesca Bellettiini and artistic director Demna to turn the brand around. Demna presented his first collection in September 2025<\/a> and staged his first show in February 2026.<\/a><\/p>\n De Meo is confident. \u201cThe CEO\u2013designer duo is one of the most experienced in the industry. They have built businesses. We support our teams and we are convinced that we will restore Gucci to the place it deserves.\u201d<\/p>\n He also praised the house\u2019s resort 2027 show held on May 17, in New York\u2019s Times Square.<\/a> The location\u2019s bright lights and billboards created a bold setting for the show. Paris Hilton, Tom Brady, and Cindy Crawford walked the runway.<\/p>\n \u201cI thought it was good because it was a statement,\u201d de Meo told reporters. \u201cAnd I think Gucci needed to show this level of ambition because it\u2019s consistent with the brand\u2019s history. The fact that they did something like this makes me optimistic. Before you can do something great, you need to have the ambition to do it. And from a technical standpoint, I thought it was very well done. We wait a few weeks before looking at the data but it shows that Demna really does have the ability to find the right idea to attract attention.\u201d<\/p>\nGucci on the right track<\/strong><\/h2>\n
Stores like Italian embassies<\/strong><\/h2>\n