Luca de Meo addressed investors and journalists in Florence on April 16, 2026, to detail a new strategic plan for Kering, the French luxury conglomerate that owns the Gucci brand. De Meo, known for his leadership in the automotive sector, acknowledged the company’s recent difficulties. Kering has faced a sustained period of financial instability over the past three years.
During the three-hour presentation, de Meo stated that the business model that sustained the company for a decade is no longer effective in the current market. He emphasized the necessity for operational changes to address the ongoing crisis within the brand. The executive urged stakeholders to prepare for significant shifts as the group attempts to regain its market position. #Kering #Gucci #BusinessNews #LuxuryRetail