When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the Covid-19 pandemic. On his way to turning that around to a €4.26billion operating profit in the last set of annual results, De Meo set in motion what he called a ‘Renaulution’, introducing exciting new models and reinvigorating the moribund Alpine sub-brand.
The question now is what happens to the children of the Renaulution as De Meo exits the car industry entirely to become CEO of Kering, the French luxury brand group which includes Gucci among others.
