Kering to sell beauty unit to L’Oreal for $4.66 billion | REUTERS #Reuters

Kering to sell beauty unit to L’Oreal for $4.66 billion | REUTERS
Kering sells its beauty unit to L’Oréal for $4.66 billion, handing over Creed and 50‑year licenses for Gucci, Bottega Veneta and Balenciaga, to cut debt and refocus after losses and slowing Gucci growth .
#News #Reuters #Newsfeed #kering #loreal #luxury

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