#beauty unit

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