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

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

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

The deal marks an early move by Kering’s new chief, Luca de Meo, to revive the French luxury giant’s fortunes.

The deal includes the right to enter a licensing agreement with Gucci after its expiration with Coty, and a joint venture to ...