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By MBN Staff - Tue, 10/21/2025 - 08:11
Kering to sell Gucci’s beauty division to L’Oreal for US$4.6 billion, reducing debt and refocusing on core fashion under CEO Luca de Meo.
https://mexicobusiness.news/tag/luca-de-meo
More E-Commerce & Retail
By MBN Staff - Wed, 08/13/2025 - 14:48
S&P downgraded Kering’s outlook to negative, citing weak Gucci sales and a 22% revenue drop in Asia-Pacific in 1H25.
By Óscar Goytia - Wed, 08/06/2025 - 15:44
Renault names François Provost CEO, tasking him with leading a US$3.2 billion plan to launch 8 models by 2027 and cut reliance on European markets
By MBN Staff - Wed, 06/18/2025 - 17:06
Nissan will cut its Renault stake from 15% to 10%, redirecting funds toward product development, per CEO Ivan Espinosa
By Óscar Goytia - Mon, 06/16/2025 - 12:05
Renault CEO Luca de Meo will resign on July 15, 2025, and is expected to lead luxury giant Kering, succeeding François-Henri Pinault
By MBN Staff - Mon, 03/31/2025 - 13:49
Renault and Nissan revise their alliance, reducing cross-shareholdings and financial ties as Nissan undergoes leadership changes and restructuring
By MBN Staff - Mon, 07/22/2024 - 18:40
European automotive manufacturers are calling for increased flexibility in the EU's 2035 deadline for ending the sales of combustion engine vehicles
By Óscar Goytia - Mon, 03/25/2024 - 17:35
Renault CEO has raised concerns over the European auto sector vulnerability to advanced Chinese EVs.
By Reneé Lerma - Fri, 02/16/2024 - 09:58
Stellantis and Renault aim to cut EV costs for accessibility & profitability, aligning with market parity.
