Kering CEO rules out production shift from Italy
Kering's CEO, Luca de Meo, stated on Wednesday that Italy remains central to the French luxury group's plans and that there are no intentions to move production out of the country. He also dismissed any interest in acquiring a minority stake in Armani.
Italy remains central to Kering's EURONEXT:KER plans, and the French luxury group has no intention of moving production out of the country, Chief Executive Luca de Meo said on Wednesday. He also said Kering has no interest in buying a minority stake in Armani, adding that Kering was not mentioned.