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WEALTH & INVESTMENT

Kering to sell beauty unit to L'Oreal for €4 billion to cut debt, refocus on fashion

WEALTH & INVESTMENT
20-10-2025 10:52 HKT
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The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. REUTERS
The logo of French cosmetics Groupe L'Oreal is seen on the L'Oreal group's headquarters building in Clichy, near Paris, France, April 14, 2025. REUTERS
KeringL'Orealbeauty unitsell

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Gucci sunglasses are seen at the Mido exhibition for glasses and eyewear products in Milan, Italy, February 29, 2016. REUTERS
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