(Reuters) -French luxury group Kering is in advanced talks to sell its beauty division to beauty group L’Oreal for about $4 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter. L’Oréal would acquire fragrance brand Creed and gain rights to develop beauty products tied to Kering’s fashion labels, including Bottega Veneta, Balenciaga, and McQueen, the Journal reported, adding the deal could be announced next week. Kering launched its beauty division in 2023 with the acquisition of high-end fragrance label Creed. Reuters could not immediately verify the report, while Kering declined to comment. L'Oreal did not immediately respond to a Reuters request for comment. (Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Jan Harvey and Barbara Lewis)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Cologne (dpa) - Take the time to make your own cheese ravioli at home. You…
Remember that spiking can happen to anyone, anywhere, at any time. London (PA Media/dpa) - Thousands…
We have trainers, leggings and sports bras designed specifically for exercise and sweating – but…
"One Night Only", starring Callum Turner and Monica Barbaro, combines a dating dystopia with slapstick…
New York (dpa) - Low-fat versions of butter, cheese and milk have long been touted…
Immaculate, natural nails are hot right now – but achieving the barely there look can…