Kering’s Strategic Pivot: $4.7 Billion Beauty Unit Sale to L’Oreal Marks Bold Debt Reduction Move
Major Luxury Realignment Under New Leadership In a transformative strategic shift, French luxury conglomerate Kering has announced the sale of…
Tag: L’Oréal
Kering Strikes €4 Billion Beauty Division Sale to L’Oréal in Major Portfolio Shift
French luxury group Kering has reportedly reached a €4 billion agreement to divest its beauty division to cosmetics giant L’Oréal. The deal includes perfumer House of Creed and long-term licenses for Gucci, Bottega Veneta, and Balenciaga beauty products, marking a significant strategic shift for the struggling luxury conglomerate.
Major Beauty Business Transaction
French luxury conglomerate Kering has reportedly agreed to a €4 billion sale of its beauty division to global cosmetics leader L’Oréal, according to recent announcements. Sources indicate this represents a strategic reversal for Kering, which had previously pursued internal growth for its beauty operations.