Beauty business: Kering sells beauty division to L’Oreal; $4.6 billion deal sealed
Kering is selling its beauty division, including the prestigious perfume brand Creed, to L’Oreal for $4.6 billion. This strategic move aims to significantly reduce Kering’s substantial debt. The deal also includes 50-year exclusive licenses for L’Oreal to produce beauty products for Kering’s major fashion houses.🕒 1 min read
Kering is selling its beauty division, including the prestigious perfume brand Creed, to L’Oreal for $4.6 billion. This strategic move aims to significantly reduce Kering’s substantial debt. The deal also includes 50-year exclusive licenses for L’Oreal to produce beauty products for Kering’s major fashion houses.
Continue Reading
-
“Harassed At My Home”: Tanushree Dutta, Who Called For #MeToo, Breaks Down
- No Raids, Few FIRs: RTI Reveals Lack Of Action Against Quacks In Delhi
-
India’s forex reserves rise $938 million to $682.32 billion
-
200 IndiGo Flights Cancelled, Ops Hit, Airline Blames “Flight Duty” Audit
-
Trump Accuses NATO Allies Of ‘Staying Back’, Avoiding Afghanistan Frontline
-
No room for early slip-ups as India begin Women’s T20 World Cup campaign vs Pakistan
- 10 Best Indian Hill Station Dishes That Will Keep You Warm During Cold Weather Travel
-
Elon Musk’s SpaceX raises $75 billion in record IPO debut: 10 things to know
- T20 WC: Love-all in Colombo as cricket world ready for India vs Pakistan
-
Rs 27 crore tag! Rishabh Pant ‘under most pressure’ in IPL 2026
