On Tuesday, Kering 's Annual General Meeting is expected to approve the appointment of Luca de Meo, an Italian from Renault , as chief executive officer, with the mission of turning around the French luxury group, starting with the relaunch of its flagship brand Gucci .

The vote will come as no surprise, since the Pinault family, via its holding company Artémis , owns 42.3% of Kering's capital and 59.3% of the voting rights.

Current CEO François-Henri Pinault , 63, remains chairman of the group, which in addition to Gucci owns Yves Saint Laurent , Balenciaga , and Bottega Veneta . Shareholders will also be asked to vote on extending the age limit for the chairman from 65 to 80 and for the CEO from 65 to 70.

At the Annual General Meeting, shareholders will also be asked t

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