Short sellers' bets pile pressure on Kering's incoming CEO

Core Viewpoint - Short sellers have increased their positions against Kering, marking the largest bets in over a decade, which intensifies the pressure on the new CEO Luca de Meo to regain investor confidence [1] Company Summary - The data reviewed indicates that short selling against Kering has reached unprecedented levels, reflecting growing skepticism about the company's future performance [1] - Incoming CEO Luca de Meo faces significant challenges in restoring confidence among investors and stakeholders [1] Industry Summary - The rise in short selling activity against Kering may signal broader concerns within the luxury goods sector, as investors react to market conditions and company performance [1]