Kering agreed to sell its beauty business to L’Oréal for roughly $4.7 billion, an early move by its new chief to revive the luxury conglomerate’s fortunes. Under the deal, announced late Sunday, ...
(Bloomberg) -- Kering SA agreed to sell its beauty division to L’Oreal SA in a €4 billion ($4.7 billion) deal, with new Chief Executive Officer Luca de Meo changing course in a bid to turn around the ...
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