Reported about 5 hours ago
L’Oréal's possible $4 billion acquisition of Kering Beauty could dramatically reshape the beauty industry, providing Kering with essential funds to reinvest in struggling brands and enhancing L’Oréal's portfolio with high-end fragrance licenses. Experts believe this deal could be a pivotal moment for both companies and the broader market, potentially intensifying competition among major beauty groups. If finalized, it would mark one of the most significant mergers in the beauty sector since L’Oréal acquired YSL Beauté in 2008.
Source: YAHOO