L’Oréal to acquire Kering Beauty for $4.6 billion
L’Oréal closes a historic deal to acquire Kering Beauty, including Creed and exclusive licences for Gucci, Balenciaga and Bottega Veneta.
L’Oréal closes a historic deal to acquire Kering Beauty, including Creed and exclusive licences for Gucci, Balenciaga and Bottega Veneta.
After numerous rumours, Francesca Bellettini has been appointed the new President and CEO of Gucci following the departure of Stefano Cantino.
This comes at a crucial time for the conglomerate, which is going through severe turbulence: sales have fallen, profitability is diluted and shares have plummeted by more than 60% in just two years.
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