Luca de Meo's Strategy Spurs Kering Stock Jump after Results

Kering shares rose 14 percent after fourth-quarter sales beat expectations despite the French luxury group reporting a net loss of €29 million for 2025.CEO Luca de Meo implemented a restructuring plan that included cutting €925 million in costs, closing 75 stores, and selling the beauty division to L’Oréal for $4.7 billion.The group is focusing on reviving Gucci under artistic director Demna Gvasalia ahead of a strategic roadmap presentation scheduled for April 16 in Italy.