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Luca de Meo says Italy remains central to Kering’s manufacturing system, rules out interest in buying a minority stake in Armani and says Gucci sneaker production in China reflects specific technical needs. He also outlines a supply-chain reorganisation and declines to comment on rumours about creative directors.
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.