Luca de Meo

Incoming chief executive Luca De Meo needs to urgently tackle two problems, debt levels and management structure, writes Luca Solca.

Luca De Meo’s appointment as the French group’s chief executive is an admission of the seriousness of the crisis the company is facing, as well as a signal of its intent to do something about it, writes Imran Amed.

The luxury goods maker is reeling from a sharp downturn in the €364 billion industry — and questions about succession are growing louder.

The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.

The French luxury giant is planning to shake up its leadership amid a share price slump, according to Le Figaro.