All articles tagged with #beauty division
Kering is selling its beauty division to L’Oreal for €4 billion as part of a strategic move to boost growth and address challenges like declining Chinese demand and high debt, marking the first major step under CEO Luca de Meo.
Kering is close to selling its beauty division, including fragrance brand Creed and rights to develop products for its fashion labels, to L'Oreal for around $4 billion, as part of its strategy to reduce debt and revitalize sales amid challenging market conditions.
Kering is nearing a $4 billion sale of its beauty division, including the fragrance brand Creed and rights to develop products for fashion labels like Gucci and Balenciaga, to L'Oreal, as part of its strategy to reduce debt and revitalize sales under new CEO Luca De Meo.
Kering is nearing a €4 billion deal to sell its beauty division to L’Oréal, indicating a significant strategic move in the cosmetics industry.