Reported 2 days ago
Kering SA is reportedly in discussions to sell its beauty unit to L’Oréal SA for approximately €4 billion ($4.7 billion), as new CEO Luca de Meo aims to revitalize the company's fortunes amid a downturn in Chinese demand and potential U.S. tariffs. The deal could be announced soon, although it remains uncertain. This sale would be the first significant strategic move by de Meo since taking over last month.
Source: YAHOO