Kering is in talks to sell its beauty business to L’Oréal in a deal that values the unit at roughly $4 billion, according to people familiar with the matter, an early move by the Gucci owner’s new chief to revive the luxury giant’s fortunes. The development comes just weeks after Kering’s new chief executive, Luca de Meo, started in the top job. L’Oréal, based in Paris, offers a range of beauty products, including under its namesake brand, Garnier and Maybelline New York.
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Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal
Publié il y a 3 semaines
Oct 18, 2025 at 1:30 PM
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