Hedge fund bears are scaling back Kering short positions as new CEO plots resurgence

Hedge fund bears are scaling back Kering short positions as new CEO plots resurgence

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…

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