Kering to sell beauty unit to L’Oreal for $4.66 billion

The French beauty giant will acquire Kering's fragrance line Creed, as well as rights to develop products under Kering's fashion labels Bottega Veneta and Balenciaga under a 50-year exclusive license.

  Business   Oct 20, 2025   0   6  Add to Reading List
Kering to sell beauty unit to L’Oreal for $4.66 billion
The French beauty giant will acquire Kering's fragrance line Creed, as well as rights to develop products under Kering's fashion labels Bottega Veneta and Balenciaga under a 50-year exclusive license.
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