Gucci owner Kering has agreed to sell its beauty business to L’Oreal for $4.66 billion, the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group’s high debt and refocus on its core fashion business.
Gucci owner Kering has agreed to sell its beauty business to L’Oreal for $4.66 billion, the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group’s high debt and refocus on its core fashion business.
Under the deal, French b… [532 chars]
Source: New York Post | Published: 2025-10-20T00:22:50Z
Credit: New York Post
