An expansive new strategic partnership deal between luxury group Kering and L’Oréal brings together two powerhouses in their respective industries. L’Oréal will pay 4 billion euros (about $4.66 ...
Gucci owner Kering has agreed to sell its beauty business to L’Oreal for $4.66 billion, the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group’s high debt and refocus on ...
The deal could be announced as soon as next week, assuming another bidder doesn’t emerge or talks don’t break down unexpectedly, the people said. The development comes just weeks after Kering’s new ...
Shares in Gucci-owner Kering gained more ground Thursday after sales at the fashion house beat expectations in the most recent quarter, lifting revenue at the parent group and burnishing hopes of a ...
Kering shares surged after Q3 results, but fundamentals remain weak with sales down for the ninth consecutive quarter. Despite operational improvements and new leadership, PPRUF continues to ...
Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. L’Oréal acquired Kering Beauté, including the Creed ...
WSJ says L'Oreal would acquire Creed and rights to Kering's fashion labels for $4 billion Kering's beauty division launched in 2023 Sale could help address Kering's high-debt issue under CEO Luca De ...
Become a Vogue Business Member to receive unlimited access to Member-only reporting and insights, our Beauty and TikTok Trend Trackers, Member-only newsletters and exclusive event invitations. Kering ...
Kering (OTCPK:PPRUF), the French luxury product maker behind popular fashion brands like Gucci, is in discussions to sell its beauty business to its local rival L’Oréal (OTCPK:LRLCF), The Wall Street ...
PARIS, Oct 20 (Reuters) - Kering's new CEO Luca de Meo didn’t take long to make his mark. Sign up here. There was another reason to speed up talks: Spanish-listed beauty firm Puig (PUIGb.MC), opens ...
L’Oreal SA has agreed to buy Kering SA’s beauty division in a $4.7-billion deal, as Kering’s new chief executive, Luca de Meo, is changing course to try to turn around his company’s fortunes. The ...
Gucci owner Kering SA reported a smaller-than-expected sales decline only weeks after new Chief Executive Officer Luca de Meo took the helm, with demand for the company’s luxury goods improving in ...
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