Kering Sells Beauty Business to L’Oréal. Everyone but This Company Wins.

L’Oréal’s deal to acquire Kering’s beauty business is a win for both balance sheets and prestige brand portfolios. Competitor ...

How fast-moving de Meo secured L’Oreal deal to ease Kering’s strain

Kering's exit from the beauty business marks a U-turn from the strategy championed by de Meo's predecessor Francois-Henri Pinault - whose family controls the luxury giant - to diversify away from ...

Gucci-owner Kering sells beauty unit to L'Oreal for $4.7 billion as de Meo targets debt pile

Gucci owner Kering has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.7 billion), the first major ...

L’Oreal agrees to buy Kering beauty division in a $4.7-billion deal

Kering SA agreed to sell its beauty division to L’Oreal SA in a €4 billion ($4.7 billion) deal, with new Chief Executive ...