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Key Points
- Kering’s share price nears year-to-date high as new CEO Luca de Meo names Francesca Bellettini to lead Gucci revival.
- Interest in short positions on luxury group’s stock has fallen since the summer, suggesting some hedge funds are easing their negative stance.
- The group’s fortunes under the new regime will be keenly watched by investors following a sluggish second-quarter earnings report.
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