Kering Sells Beauty Biz to L'Oreal: A £3.5B Deal

Gucci Becomes a Bargain? Find out why Kering, the powerhouse behind Gucci, is selling its beauty empire, including luxury brands like Creed, to L’Oreal for a staggering £3.5 billion. With Kering facing a sales slump and a new CEO under pressure, is this the ultimate power move to refocus on fashion and pay down debt? Plus, discover why L’Oreal is betting big on beauty, especially with Gen Z fueling a fragrance frenzy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.