While fixing French carmaker Renault SA, Chief Executive Officer Luca de Meo pursued a hobby that would feed into his next job as CEO of Kering SA: A taste for the finer things in life, particularly Swiss watches.

The French luxury group that owns brands such as Gucci, Saint Lauren and Balenciaga, makes an out-of-the-box appointment to revive its flagging sales

Luca de Meo's departure from Renault likely to cause near-term uncertainty as analysts debate whether it will impact its growth strategy and make investors cautious.

LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here's some initial reaction from analysts.

The luxury group confirmed speculations reported by a number of media outlets this weekend. Pinault will retain his role as Kering chair.

The ever-evolving structure of the Alpine Formula 1 team will be changing again as Renault Group CEO Luca de Meo has announced his resignation after five years at the top of the company. “For five years, Luca de Meo has worked to put Renault Group back where it belongs,” said Jean-Dominique Senard, chairman of the board of directors.

The departure from Renault of chief executive Luca de Meo changes nothing for the French carmaker's Alpine Formula One team, de facto principal Flavio Briatore told Reuters on Sunday. Renault announced Luca De Meo was leaving shortly after the newspaper Le Figaro reported he will take over the leadership of the luxury group Kering.