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Kering sells beauty unit to L’Oreal for $4.7bn as de Meo trims debt

Kering sells beauty unit to L’Oreal for $4.7bn as de Meo trims debt

Under the deal, French beauty giant L’Oreal will acquire Kering’s fragrance line Creed, which former CEO Francois-Henri Pinault acquired in 2023

20 October, 2025

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