Kering Sells Beauty Division to L’Oréal in $4.6 Billion Strategic Alliance
French luxury powerhouse Kering has announced the sale of its beauty division to L’Oréal for €4 billion ($4.66 billion), marking a major strategic pivot aimed at reducing debt and sharpening focus on its core fashion business.
Under the landmark deal:
– L’Oréal acquires the prestigious fragrance brand House of Creed.
– It secures 50-year exclusive licenses to develop and market beauty products for Kering’s iconic fashion labels—Gucci, Bottega Veneta, and Balenciaga—starting after Kering’s current Coty partnership ends in 2028.
– The two companies will form a strategic committee to coordinate brand development and explore joint ventures in wellness and longevity.
This move is the first major initiative under Kering’s new CEO Luca de Meo, who is steering the group through slowing Chinese demand and rising U.S. tariffs.
The alliance signals a deeper convergence between luxury fashion and wellness innovation. Analysts expect L’Oréal to leverage its R&D muscle to elevate Kering’s beauty offerings, while Kering refocuses on fashion-led growth.
Subscribe to our free newsletter to read the latest news and articles before they are published.
iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp
利用强大的谷歌蜘蛛池技术，大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池
Your blog has quickly become one of my favorites. Your writing is both insightful and thought-provoking, and I always come away from your posts feeling inspired. Keep up the phenomenal work!
Hello Neat post Theres an issue together with your site in internet explorer would check this IE still is the marketplace chief and a large element of other folks will leave out your magnificent writing due to this problem
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
**hepatoburn**
hepatoburn is a potent, plant-based formula created to promote optimal liver performance and naturally stimulate fat-burning mechanisms.