The Japan Times CENTER (0.0) Reliability: 7.5/10

Kering to sell beauty unit to L'Oreal for $4.66 billion to cut debt, refocus on fashion

✍️ No Author 📅 October 20, 2025 12:00 AM 🕐 Scraped: October 20, 2025

Summary: New Kering CEO Luca de Meo is moving to refocus the luxury group on its core fashion business.

Gucci owner Kering said on Sunday it has agreed to sell its beauty business to L'Oreal for €4 billion ($4.66 billion), as n

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October 20, 2025 at 12:00 AM

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