Kering chief vows rapid overhaul after sealing €4bn beauty deal

Kering, the parent company of Gucci, has announced its decision to sell its beauty division to L’Oreal. This move is significant as it reflects Kering's strategy to focus more on its core luxury fashion brands while allowing L’Oreal to expand its portfolio in the beauty sector. The sale is expected to enhance L’Oreal's position in the competitive beauty market, showcasing the ongoing trend of consolidation in the industry.

In a significant move, Kering, the luxury group behind Gucci, has sold its beauty division to L’Oreal for $4.7 billion. This strategic decision comes as CEO Marco de Meo aims to reduce the company's debt and streamline its focus on core luxury brands. The sale not only strengthens L’Oreal's position in the beauty market but also allows Kering to concentrate on its high-end fashion offerings, making it a win-win for both companies.

Workers at Kering in Italy are set to strike in response to what they describe as unilateral decisions made by the company. This strike highlights the growing tensions between management and employees, as workers seek a more collaborative approach to decision-making. The outcome of this strike could have significant implications for labor relations within the company and the broader fashion industry.

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Amazon Web Services faced a significant service disruption that impacted various platforms, including Coinbase, where users reported difficulties in trading and logging in. This incident highlights the vulnerabilities in cloud services that can ripple across multiple industries. On a different note, Kering has announced its decision to sell its beauty division to L’Oreal for €4.7 billion, marking a major shift in its business strategy. This move is significant as it reflects the evolving landscape of the beauty market and Kering's focus on its core luxury brands.

Kering has made a significant move by selling its beauty division to L’Oreal for €4 billion, marking a strategic alliance that could reshape both companies' futures. This decision, led by CEO Luca de Meo, comes as Kering faces challenges like declining demand in China and potential US tariffs. The sale not only strengthens L’Oreal's position in the beauty market but also allows Kering to refocus its efforts, making it a noteworthy development in the luxury sector.

President Trump's focus on rare earths highlights ongoing tensions with China as the trade truce approaches its end, raising concerns for global markets. Meanwhile, France faces economic challenges with a second credit downgrade from S&P, which could impact investor confidence. In a significant move, Kering's new CEO, Luca de Meo, is selling the beauty division to L’Oréal for $4.7 billion, signaling a shift in strategy for the luxury brand. These developments are crucial as they reflect broader economic trends and the interconnectedness of global trade.

Kering, the owner of Gucci, is set to sell its beauty division to L’Oréal for €4 billion. This strategic move by new CEO Luca de Meo aims to reduce the company's debt and refocus on its core fashion business. This sale is significant as it reflects Kering's commitment to strengthening its position in the luxury market while allowing L’Oréal to expand its portfolio in the beauty sector.

Apple Inc. has reached its first record of 2025, driven by a positive outlook on iPhone sales. Loop Capital's upgrade of the stock to 'buy' reflects strong demand for the new iPhone 17 series, which has outperformed its predecessor by 14% in the initial sales period in the US and China. This news is significant as it highlights Apple's resilience and growth potential in a competitive market, reassuring investors about the company's future.

Disney+ has seen a significant increase in cancellations following the suspension of Jimmy Kimmel's show. This trend raises concerns about the platform's ability to retain subscribers, especially as competition in the streaming market intensifies. The situation highlights the impact of high-profile personalities on viewer loyalty and subscription rates, making it a critical moment for Disney+ as it navigates the evolving landscape of entertainment.

Amazon is currently facing significant challenges as its Web Services experience a major outage, affecting millions of users and disrupting popular platforms like Fortnite, Roblox, and Snapchat. This incident highlights the vulnerability of online services that rely on cloud infrastructure, raising concerns about reliability and user trust. As Amazon works to resolve the issues, the impact on businesses and consumers alike underscores the importance of robust technology solutions in our increasingly digital world.

Walmart's recent partnership with ChatGPT raises significant concerns for small ecommerce businesses. As AI technology advances, there's a real fear that customers may bypass traditional websites altogether, opting for more streamlined, AI-driven shopping experiences. This shift could threaten the very existence of smaller online retailers, making it crucial for them to adapt quickly to the changing landscape. Understanding these dynamics is essential for survival in an increasingly competitive market.

Wall Street experienced a significant rally, driven by strong performance in the tech sector and growing optimism around earnings reports. This surge reflects investors' confidence in the market's recovery and the potential for continued growth, making it a crucial moment for both individual and institutional investors looking to capitalize on favorable conditions.

EQT is actively exploring potential acquisitions of Coller Capital and HarbourVest Partners as part of its strategy to strengthen its position in the secondaries market. This move is significant as it highlights EQT's commitment to expanding its investment portfolio and capitalizing on the growing demand for secondary market transactions. By targeting these established firms, EQT aims to enhance its capabilities and offer more robust solutions to its clients, which could lead to increased market share and profitability.