Kering S.A. $KER.PA, the French luxury conglomerate and parent company of Gucci, is reportedly nearing a high-profile leadership transition. Sources suggest the group is preparing to appoint Luca de Meo, former CEO of Renault $RNO.PA, as its new chief executive officer. The change comes at a pivotal moment for the Paris-listed company, which faces rising debt levels, a series of operational challenges across its portfolio, and underperformance relative to luxury peers.