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Explainer-Why Gucci-Owner Kering Is Selling Its Beauty Business to L’Oreal

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By Linda Pasquini and Leo Marchandon
(Reuters) -Gucci-owner Kering has agreed to sell its beauty business to L’Oreal for 4 billion euros ($4.7 billion) in a strategic shift by new CEO Luca de Meo, who is trying to cut the luxury group’s debt and refo… [3234 chars]

Source: U.S. News & World Report | Published: 2025-10-20T11:20:00Z

Credit: U.S. News & World Report

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