Reported about 8 hours ago
Kering has announced the sale of its beauty division to L'Oreal for 4 billion euros, which includes high-end fragrance company House of Creed and the licenses to produce beauty products for Kering's brands. Both companies aim to collaborate on wellness and longevity products, leveraging L'Oreal's innovation alongside Kering's luxury market insights. The deal is set to close in early 2026 and follows L'Oreal's previous acquisition of licensing rights for Kering's Yves Saint Laurent brand.
Source: YAHOO