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Kering’s New CEO Vows to Slash Debt, Costs to Revive Gucci Owner

Summary by Bloomberg
Kering SA’s incoming chief executive officer vowed to slash debt and cut costs in a bid to revive the struggling luxury owner of Gucci.

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Kering’s New CEO Vows to Slash Debt, Costs to Revive Gucci Owner

Kering SA’s incoming chief executive officer vowed to slash debt and cut costs in a bid to revive the struggling luxury owner of Gucci.

·United States
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Will They Succeed in Reviving Kering? Gucci’s New Owner’s Ceo Is Committed to Reducing Debt and Costs

Luca de Meo, Kering’s new executive director, pledged to cut debt and reduce costs in order to achieve his goal of reviving Gucci’s owner, Yves Saint Laurent and Balenciaga. During his first appearance before shareholders, Renault’s former executive director declared that “we will be quick, efficient and decisive,” but stressed that “decisions will not always be easy.” De Meo will officially begin his term on September 15 and is expected to pres…

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Bloomberg broke the news in United States on Tuesday, September 9, 2025.
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