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 p.c on the information, whereas Renault’s sank greater than 8 p.c. However first, international oil costs have come down after hovering on Friday as traders proceed to observe the Israel-Iran conflict intently. 



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