Kering to sell beauty unit to L'Oreal for $4.66 billion | REUTERS

Bogdan Hofbauer

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 Read the story here: https://reut.rs/4ng2DLN 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow

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