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

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

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 ...

Gucci-owner Kering has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.7 billion) in a strategic shift ...

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