Kering will propose a 20 million euros ($22.89 million) signing-on bonus for its new CEO Luca de Meo, adding to an overall ...

Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...

In a report on Kering's investment grade credit rating, S&P analysts highlighted weakening consumer demand for the French ...

French luxury group Kering SA (PPRUY) has named Luca de Meo its next chief executive officer, tapping the top leader of Renault SA (RNLSY) to leverage his turnaround experience in the automotive ...

Kering shares rose 10.4% in London trading, while Renault shares fell 7% as investors reacted to reports of Luca de Meo’s move.

Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

Kering shares were trading up 10.4% by 1:15 p.m. London time as investors and analysts cheered the reports. Renault shares, meanwhile, shed 7%.

Kering on Monday named departing Renault chief Luca de Meo as CEO, ending months of speculation about a possible leadership change at the French fashion group, which also owns Bottega Veneta ...