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The Renault-Pinault Succession & Dôen’s Series A

News and notes on Kering poaching a French car executive to replace François-Henri Pinault, and some major fundraising intel out of Southern California, where the Kleveland sisters just scored some well-deserved capital to fuel Dôen’s next stage of growth.

Luca de Meo
De Meo is a brand guy with experience in turnarounds, as well as an Italian with experience working with the French—which matters a lot here because Kering is a French company mostly run by Italians. Photo: Carezzevoli/Getty Images
Lauren Sherman
June 16, 2025

Luca de Meo, who stepped down from his post as the C.E.O. of the French carmaker Renault on Sunday, is the new C.E.O. of Kering. Current chief François-Henri Pinault, whose family office controls the fashion group, will stay on as chairman of the board. De Meo’s first day will be September 15, just in time for Milan Fashion Week. The market reacted favorably to early reports of the appointment, with Kering shares up 12 percent.