Upscale beauty sales are surging, post-pandemic. As a result, at least one luxury goods maker is said to be considering expanding in the space. Kering, based in Paris, already owns such well-known brands as Gucci, YSL and Balenciaga. Last month, Group Managing Director Jean-François Palus told analysts that beauty is a natural extension of its brand territory. “Our success with Kering eyewear demonstrates that we can create a lot of value for the brands, on the one side, and as a conseq...