Gucci-owner Kering Pop shares will be the next General Director of Renault de MEO

Shares of French Fashion House Get dry As SEO CEO, SEO CEO, Luca De Meon was 7% with reports. Beleaguered brands Owner Gucci and Saint Laurentine come as the start of the last stage of the tournaround efforts.

Auto Veteran de Meon’s CEO of Renault CEO Sunday, French Karmeyi’s “Buy New Challenges outside the automotive sector” was stated.

Meo’s migration of Meon to Kergue was first reported by France’s Le Figaro newspaper. Kering refused to comment on reports while contacting CNBC.

Kering shares traded up to 8:34 to 8:34 and analysts welcome reports. Meanwhile, Renault shares poured 7%.

“Brand Management and Marketing (De Meo) Forte, Forte, who said that the luxury industry did not say,” Bernstein analysts wrote on Monday.

De Meo is seen as a strong trace record for more than 30 years, including a strong trace of trace worked in the automotive sector TOYOTAFiat and Volkswagen. Italian mainly in Renault’s retribution in Renault, with shares with more than 90% during the period.

The difficulties facing the luxury sector, kering between large laggards, like buyers, the star was in love with the Gucci label. Kering shares resulted in a number of profit warnings and designer changes in Gucci in Gucci in the last two years.

The current CEO and chairman of the group, which controls the group, held the best jobs in the two decades, but in the sequence, but actively working on the group, according to Reuters, to refer to sources. Panult, according to sources, it is reported that he intends to divide the roles of chairs and CEOs. It was not known whether the challenge would remain.

Head effectiveness analyst in Citi, Thomas Chauvet, technological innovation and the height of the brand, showed Renault’s tournament. However, he noted that the problems of a promising new role will be important.

“The implementation of luxury brand returns is more complex, long, expensive and very little, less nationally, more people preferring consumers for more state brands and more investment is more than P & L.”

“Gucci and Saint Laurent are still working on a lot … There may be a large number of repeated rating, if acquired, to rejuvenate and acquire both brands,” he said.

Dry in April stationed In the first quarter, the 14% annual decline was worse than expected and pointed to macroeconomic headlines. Group income, the sale of LED losses, sales in Gucci, 25% on a comparative basis.