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Kering Set to Finalize €4 Billion Sale of Beauty Division to L’Oréal
Financial MarketsKeringUpdated 19 hours ago

Kering Set to Finalize €4 Billion Sale of Beauty Division to L’Oréal

Kering is nearing the completion of a €4 billion deal to sell its beauty division to L’Oréal, a strategic move by CEO Luca de Meo aimed at refocusing on luxury brands. This acquisition allows L’Oréal to enhance its beauty portfolio, fostering innovation and competition in the market. The deal signifies a shift in the luxury landscape, emphasizing the importance of core business strengths for both companies.

Related Articles
Kering closes in on €4bn deal to offload beauty division to L’Oréal
Financial Times19 hours ago
Kering closes in on €4bn deal to offload beauty division to L’Oréal
PositiveFinancial Markets
Kering is set to finalize a €4 billion deal to sell its beauty division to L’Oréal, marking a significant restructuring move by CEO Luca de Meo. This sale not only reflects Kering's strategic shift towards its core luxury brands but also highlights L’Oréal's ambition to expand its portfolio in the beauty sector. Such a deal is crucial as it allows both companies to focus on their strengths, potentially leading to enhanced growth and innovation in their respective markets.
Read full article
via Financial Times
Kering nears sale of beauty unit to L’Oreal, sources say
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Kering nears sale of beauty unit to L’Oreal, sources say
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Kering is reportedly close to finalizing the sale of its beauty division to L'Oreal, a move that could significantly reshape the beauty landscape. This acquisition is important as it highlights the growing trend of luxury brands focusing on their core businesses while allowing L'Oreal to expand its portfolio in the beauty sector, potentially leading to innovative products and enhanced market competition.
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via Investing.com
Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal
The Wall Street Journala day ago
Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal
PositiveFinancial Markets
Kering, the owner of Gucci, is on the verge of selling its beauty unit to L’Oréal for nearly $4 billion. This significant move marks a strategic step by new CEO Luca de Meo to rejuvenate the luxury brand's performance. The sale could streamline Kering's focus on its core fashion business while allowing L’Oréal to expand its portfolio in the beauty sector, highlighting the dynamic shifts in the luxury market.
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via The Wall Street Journal

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