tldrdailynews.com logo

Kering Sells Beauty Division to L’Oréal for $4.6 Billion

1 min read
Source: Bloomberg.com
Kering Sells Beauty Division to L’Oréal for $4.6 Billion
Photo: Bloomberg.com
TL;DR

Kering is selling its beauty division to L’Oreal for €4 billion as part of a strategic move to boost growth and address challenges like declining Chinese demand and high debt, marking the first major step under CEO Luca de Meo.

Topics:top-newsbusiness#beauty-division#business#deal#kering#loreal#strategic-alliance
Share this article
  1. Kering Agrees to Sell Beauty Division to L’Oreal in Partnership  Bloomberg.com
  2. Exclusive | Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal  The Wall Street Journal
  3. Kering to sell beauty unit to L'Oreal for $4.66 billion to cut debt, refocus on fashion  Reuters
  4. Why L’Oréal’s Deal With Kering Beauty Is a Category Game-changer  WWD
  5. L’Oréal to Acquire Kering Beauty Portfolio for $4.6 Billion  The Business of Fashion

Want the full story? Read the original reporting

Read on Bloomberg.com