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Short sellers have made their biggest bets in more than a decade against Kering, data reviewed by Reuters shows, adding to the pressure on incoming CEO Luca de Meo to restore confidence in the French luxury group’s finances.
Francois-Henri Pinault’s decision in June to step aside so the company could bring in former Renault chief executive de Meo has helped lift Kering’s shares by 33 percent.
De Meo formally takes charge on Tuesday, when he is expected to make his first comments on his…
