ENXTPA:ORPersonal Products
L'Oréal’s €4b Kering Beauté Deal Deepens Luxury And Wellness Story
L'Oréal (ENXTPA:OR) has completed a €4b acquisition of Kering Beauté.
The deal includes exclusive beauty rights for Creed, Balenciaga, and Bottega Veneta.
The company and Kering have formalized a long-term partnership focused on luxury, wellness, and longevity.
L'Oréal, a global beauty group with a wide portfolio spanning mass, premium, and luxury brands, is adding more depth to its high end offering with Kering Beauté. For readers tracking the luxury segment, this deal sits at the...