6 days ago
Kering sells beauty division to L'Oréal for $4 billion French luxury conglomerate Kering announced Sunday it has agreed to sell its beauty division to L'Oréal for €4 billion ($4.66 billion), marking the first major strategic move by new CEO Luca de Meo to tackle the company's mounting debt and refocus on core fashion brands #Kering #LOréal #LuxuryBrands #BeautyIndustry #BusinessAcquisition #CorporateStrategy #LuxuryMarket #DebtReduction #FragranceIndustry #LucaDeMeo https://www.perplexity.ai/...
Kering to sell beauty unit to L’Oreal for $4.66 billion | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM
PARIS(Reuters) -Gucci owner Kering has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.66 billion), the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group's high debt and refocus on its core fashion b...
https://wkzo.com/2025/10/19/kering-to-sell-beauty-unit-to-loreal-for-4-66-billion/
