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A 4 billion euros deal.
October 20, 2025
By: TOM BRANNA
Editor
French luxury group Kering sold its beauty division to L’Oréal for about €4 billion ($4.6 billion). When the acquisition is complete L’Oréal gets fragrance brand Creed as well as the rights to develop beauty products tied to Kering’s fashion labels. Kering’s fashion business includes names like Bottega Veneta, Balenciaga and McQueen. The acquisition includes a 50-year exclusive license for Bottega Veneta and Balenciaga, which will start at the close of the transaction, which is expected...
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