Gucci's Owner Sells Beauty Arm To L'Oréal In $4.6 Billion Deal

Gucci's Owner Sells Beauty Arm To L'Oréal In $4.6 Billion Deal

Gucci's Owner Sells Beauty Arm To L'Oréal In $4.6 Billion Deal

Kering will sell its Beauté unit to L’Oréal for $4.66B, granting 50-year beauty licenses for Gucci, Balenciaga, and Bottega Veneta, and forming a joint wellness venture.

User: Benzinga

Views: 9

Uploaded: 2025-10-20

Duration: 00:45