Luca de Meo leaves Renault to head luxury fashion group Kering

Luca de Meo is leaving Renault and the auto business after 5 years on the helm of the corporate. He’ll tackle the function of CEO at luxurious group Kering, which is struggling to revive its flagship model Gucci. Kering’s shares rose 12 % on the information, whereas Renault’s sank greater than 8 %. However first, world oil costs have come down after hovering on Friday as traders proceed to observe the Israel-Iran conflict intently. 



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