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Kering nears sale of beauty unit to L'Oreal, sources say

Summary
French luxury group Kering, owner of fashion brand Gucci, is nearing a sale of its beauty division to L’Oreal, according to two people familiar with the situation.

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The perfumes are included. Advertisement expected shortly

·Italy
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The French luxury group Kering, who has been in trouble for years, is in the process of selling its beauty division valued at $4 billion to the world's number one cosmetics company, its compatriot L'Oréal, according to the Wall Street Journal. ...

·Brussels, Belgium
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This information from the Wall Street Journal comes only a month after Kering's new Managing Director Luca de Meo took office, who had been in charge of rehabilitating the group that had been in trouble for several years because of the difficulties of its flagship brand Gucci.

·Paris, France
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Bias Distribution

  • 45% of the sources are Center
45% Center

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The Mighty 790 KFGO broke the news in on Saturday, October 18, 2025.
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