Paris (Reuters) -The new director general of Kering, Luca de Meo, will present a strategic roadmap in the spring of 2026, said the president of the luxury group on Tuesday, François -Henri Pinault.

“There will be a presentation of the Luca strategic roadmap and its teams which will be presented in the spring of 2026,” he said on the occasion of an extraordinary general meeting.

“We will not wait for spring 2026 to make decisions,” added the president of Kering.

“There will be important decisions that will be made by the end of the year,” he continued. “In particular, Luca has the whole room for maneuver necessary to define the organization he considers the best for the group”.

Announced in June to everyone’s surprise, the appointment of Luca de Meo, former leader of Renault, was approved on Tuesday at 98.97% by the shareholders of Kering.

Important expectations now weigh on the Italian leader, Kering suffering from the fall in sales of his Gucci-shared house as well as his second largest brand, Saint-Laurent, all accumulated at a high level of debt.

Luca de Meo judged that his appointment constituted “a daring and visionary bet”, and declared to arrive with “a free, unwaid and resolutely turned spirit”.

“We must continue to delete ourselves, reduce our costs and where it is essential, rationalize, reorganize, reposition some of our brands,” said the new managing director, who is committed to “acting without delay” with “clear and strong choices”, while warning that “these decisions will not always be easy”.

This general assembly “marks a decisive moment for our group, but also, you will understand, and you imagine I think, an important moment for me,” said François-Henri Pinault at the start of his speaking.

Remaining present within the group as chairman of the board of directors, François-Henri Pinault leaves the position of managing director of the group which he held for 20 years.

(Report Florence Lève, edited by Augustin Turpin and Blandine Hénault)

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