Fashion
2 min read
Kering Divests Beauty Division To L’oreal For $4.6b: A Strategic Push For Luxury Fashion Focus
In a significant maneuver towards streamlining its operations, luxury conglomerate Kering has divested its beauty division to L’Oreal. The deal, valued at US$4.6 billion (EU$4 billion), is part of Kering’s broader strategy to concentrate on its essential…