Kering Shareholders Approve Appointment of New CEO Luca de Meo

PARIS — Kering shareholders on Tuesday approved the appointment of Luca de Meo as chief executive officer, clearing the way for the restructuring specialist to officially join the ailing French luxury group on Sept. 15. De Meo has been tasked with engineering a speedy turnaround for Kering, which has been dragged down by steep declines at its star brand Gucci and a bulging debt load. The group is closing stores, selling real estate and reducing headcount after a dismal start to the year that saw group net ...