Kering: Luca de Meo promises swift, "clear and strong" choices to "streamline, reorganise, reposition" certain brands

"The current situation reinforces our determination to act without delay", stated Luca de Meo on Tuesday at the Kering shareholders' meeting, which is to validate his appointment as the group's new chief executive officer. "This will require clear and strong choices." He emphasised the need "to continue deleveraging and, where necessary, streamline, reorganise and reposition some of our brands."