L'Oréal

L’Oréal Eyes Armani Stake, Honoring a Designer’s Final Wish

French cosmetics group L'Oreal said Tuesday it is interested in taking a stake in Italian company Armani, as its late founder suggested, even as it moves ahead with a multi-billion-dollar purchase of Kering's beauty division. "The acquisition of Kering's beauty activities changes nothing in terms of our intention to be part of Armani," L'Oreal ...

Kering Sells Beauty Arm to L’Oréal in $4.6 Billion Deal

Debt-laden French luxury group Kering is selling its beauty products business, including its leading perfume brand Creed, to cosmetics giant L’Oréal in a deal worth $4.6 billion, the companies said Sunday. The deal also gives L’Oréal 50-year exclusive licenses to develop and distribute products under Kering’s fashion labels Gucci, Bottega ...