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Kering Announces Departure of Bottega Veneta CEO

The French luxury group confirmed on Monday that Bartolomeo Rongone will step down as CEO of Bottega Veneta on March 31st. According to the statement, this departure comes after six years at the helm of the Italian house.


Kering Announces Departure of Bottega Veneta CEO

End of Tenure for Bottega Veneta’s CEO

Bartolomeo Rongone, also known as Leo Rongone, will conclude his tenure as CEO of Bottega Veneta on March 31, 2026, the company indicates. According to the group, this decision will allow the executive to dedicate himself to new professional projects. Kering's CEO, Luca de Meo, praised in the statement Bartolomeo Rongone's leadership and his contribution to the development of the house over the past six years. The outgoing leader has achieved significant milestones with his teams during this period.

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The process of selecting Bartolomeo Rongone's successor is currently in progress, the group specifies. Kering states that the appointment of the next CEO of Bottega Veneta will be announced soon, without providing further details on the timeline or potential candidates. The current management team of the Italian brand remains fully committed, according to the statement, to continue the ongoing momentum. The group emphasizes that this team will work alongside Kering during this transition period.

Kering’s Extensive Luxury Portfolio

Kering encompasses several luxury houses, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, and Ginori 1735, as well as Kering Eyewear and Kering Beauté. The group employs 47,000 people worldwide, according to the data provided. In 2024, Kering achieved a turnover of 17.2 billion euros. Bottega Veneta is one of the main brands in the portfolio of the French group, specializing particularly in leather goods and ready-to-wear.



Sector Luxe Vêtements et accessoires


Assurance vie

Context

Period
  • Period: 2025
Key reported figures
  • Revenue: 14 675 millions d’euros
  • Revenue growth: -13 %
  • EBITDA: 3 675 millions d’euros
  • EBITDA margin: 25,0 %
  • Net income: 140 millions d’euros
  • Free cash flow: 4 400 millions d’euros
  • Net debt: 8 000 millions d’euros
  • Dividend per share: 3,00 euros
Outlook / guidance
  • Expected revenue: Le chiffre d’affaires 2026 est attendu en croissance et les marges en amélioration.
  • Expected EBITDA: L’EBITDA 2026 est attendu en progression et les marges EBITDA en amélioration.
  • Expected net income: Le résultat net 2026 est attendu en hausse.
  • Management commentary: Perspectives 2026 : le groupe vise à renouer avec la croissance et à améliorer ses marges grâce à une exécution rigoureuse et à une stratégie de marques renforcée, avec le Capital Markets Day prévu le 16 avril 2026.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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