Kering Nears €4 Billion Sale of Beauty Unit to L’Oréal
TL;DR
Kering is nearing a $4 billion sale of its beauty division, including the fragrance brand Creed and rights to develop products for fashion labels like Gucci and Balenciaga, to L'Oreal, as part of its strategy to reduce debt and revitalize sales under new CEO Luca De Meo.
- Kering nears sale of beauty unit to L'Oreal, sources say Reuters
- Exclusive | Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal The Wall Street Journal
- Kering closes in on €4bn deal to offload beauty division to L’Oréal Financial Times
- Gucci owner Kering is said to be nearing deal to sell Beauty unit to L’Oréal Seeking Alpha
- Kering Said to Discuss €4 Billion Sale of Beauty Unit to L’Oreal Bloomberg.com
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