Kering nears $4 billion sale of beauty unit to L’Oreal, WSJ reports

(Reuters) -Kering is in advanced talks to sell its beauty division to L’Oreal for about $4 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Jan Harvey)

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