Related: Gucci, YSL owner pushes back on tariff threats The French luxury giant, home to Gucci, Yves Saint Laurent, Balenciaga, Bottega Veneta, and others, is unraveling. After riding high for years,

Gucci parent, Kering, appointed Renault's former CEO, Luca de Meo, as its chief executive, as the company struggles to improve its weak performance.

Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company.

Johnson co-stars with actors Chris Evans and Pedro Pascal in Materialists. The actress plays a matchmaker who finds herself stuck between two romantic prospects—a wealthy bachelor who is her "perfect match" on paper, and her flawed ex-boyfriend.

François-Henri Pinault is stepping back as CEO of Kering, hoping Luca de Meo can pull Gucci and Saint Laurent’s parent company out of a slump.

European shares made cautious gains on Monday, with Gucci -owner Kering leading the pack following a leadership change. The news helped to break a five-day losing streak as investors pivot from the conflict in the Middle East. The pan-European STOXX 600 ended 0.4 per cent higher amid the developments.

Dakota Johnson is a longtime Gucci girl. She styled the brand's streetwear years before she became an ambassador in 2017. And even though her close friend Alessandro Michele left the creative director post in 2022, her loyalty to the Italian label hasn't faded. On June 4, the Fifty Shades of Grey actor proved her fidelity with a new Gucci tote bag.

(Reuters) -Gucci-owner Kering has appointed Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, it said on Monday. Below are some facts about the new head of the French luxury group, whose brands include Gucci, Saint Laurent, and Bottega Veneta.