The deal marks an early move by Kering’s new chief, Luca de Meo, to revive the French luxury giant’s fortunes.

Kering SA agreed to sell its beauty division to L’Oreal SA in a $4.7 billion-deal, with new Chief Executive Officer Luca de ...

Gucci owner Kering has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.7 billion), the first major ...

French luxury goods company Kering said Sunday it is selling its beauty division to L’Oreal for 4 billion euros ($4.66 ...

In a win/win deal, L’Oréal will acquire Kering Beauté, including the Creed fragrance brand, for $4.7 billion in its largest acquisition to date.

L’Oréal to acquire Kering’s beauty portfolio, including Creed and 50-year licenses for Gucci, Balenciaga, and Bottega Veneta, ...

The French beauty giant will acquire Kering’s fragrance line Creed, as well as rights to develop products under Kering’s ...

Kering shows weak fundamentals, nine straight quarters of sales declines, and an overvalued 58x P/E with limited recovery ...

Kering has agreed to sell its beauty business to L'Oreal for €4 billion. This move marks the first major decision by CEO Luca ...

Kering's exit from the beauty business marks a U-turn from the strategy championed by de Meo's predecessor Francois-Henri ...

Kering's overall group sales fell less than analysts expected in the third quarter thanks to the performance of its smaller ...

Kering faces challenges with Gucci and Saint Laurent, but a beauty business sale and new strategies offer recovery potential.