Malay Mail

Kering offloads Creed and fragrance licences to L’Oréal in RM19.6b deal to cut debt, refocus on fashion

Sale includes Creed and long-term fragrance licences for Bottega Veneta, BalenciagaSale marks Kering CEO Luca de Meo’s first ...

Gucci owner Kering to sell beauty unit to L'Oreal for $6 billion to cut debt, refocus on fashion

Kering has struggled to reverse declining growth at Gucci, which was hit hard by slowing demand in the key Chinese market. Read more at straitstimes.com. Read more at straitstimes.com.

Beauty business: Kering sells beauty division to L'Oreal; $4.6 billion deal sealed

Kering is selling its beauty division, including the prestigious perfume brand Creed, to L'Oreal for $4.6 billion. This ...