Get all your news in one place.
100's of premium titles.
One app.
Start reading
Euronews
Euronews
Una Hajdari

L’Oréal seals €4bn deal for Kering’s entire luxury beauty portfolio

L’Oréal and Kering announced a strategic alliance on Sunday that will see the French cosmetics giant acquire Kering’s premium beauty business for €4 billion.

The deal means that L'Oréal will enter into 50-year licensing arrangements for some of Kering’s most iconic brands, specifically Gucci, Bottega Veneta, and Balenciaga.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.