Renault, Gucci and Resignation Throws Fragile Turnaround
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After impressing with his turnaround of French automaker Renault, Luca De Meo is widely expected to be named as the new boss of Gucci owner and luxury powerhouse Kering.
LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here's some initial reaction from analysts.
The facelifted iterations of Renault Kiger and Triber are expected to receive styling as well as feature upgrades.
Renault is bringing electric vehicles to the emergency services with the R4 Vision4rescue. The French firm has teamed up with sustainable mobility specialists Software Republique to create this new concept.
Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.
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Nissan Motor reportedly plans to trim its stake in French partner Renault in order to invest more in new vehicle development. In an interview with Nikkei, Nissan CEO Ivan Espinosa emphasised that the Japanese automaker's collaboration with Renault would continue to be robust,
An activist investor has built a stake in the lingerie retailer, with plans to push the company to refresh its board and refocus on its [core bra business](
TOKYO (Reuters) -Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday. Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%.