Kering to Sell Beauty Business to L’Oréal?
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Duminică
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Luxury shakeup alert! Gucci and Saint Laurent's parent company, Kering, is reportedly selling its beauty business to L'Oréal for a cool $4.7 billion. Is this the first major move by Kering's new CEO to refocus on fashion amid economic headwinds? The deal, if it goes through, could redefine the future for both giants in the beauty and fashion industries.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
