Gucci owner Kering has agreed to sell its beauty business to L’Oreal for $4.66 billion, the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group’s high debt and refocus on ...
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Kering to Sell Beauty Unit to L'Oreal for $4.66 Billion to Cut Debt, Refocus on Fashion
Gucci owner Kering said on Sunday it has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.66 billion), as new CEO Luca de Meo moves to tackle the luxury group's high debt and ...
US House passes funding bill to avert government shutdown before midterm elections The U.S. House of Representatives on Tuesday overwhelmingly approved legislation to keep federal agencies operating ...
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