Story perspectives
Kering Close to €4 Billion Sale of Beauty Division
10/18/2025
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Story summary
- Kering is nearing a €4 billion sale of its beauty division to L’Oréal, including Creed and rights to develop products linked to its fashion labels.
- The deal could be announced next week.
- New CEO Luca de Meo aims to address Kering's high debt and declining sales, particularly in China, as the beauty division, launched in 2023, faces challenges.
- Kering's net debt was €9.5 billion as of June.
