How fast-moving de Meo secured L'Oreal deal to ease Kering's strain

Core Insights - Kering's new CEO Luca de Meo has quickly begun to implement changes within the company [1] Company Overview - The leadership transition marks a significant shift in Kering's strategic direction under Luca de Meo [1] - De Meo's approach is expected to focus on revitalizing Kering's brand portfolio and enhancing operational efficiency [1] Industry Context - The luxury goods sector is experiencing a transformation, with increasing competition and changing consumer preferences [1] - Kering aims to adapt to these industry trends by leveraging De Meo's experience and vision [1]