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.
Kering Group
Francesca Bellettini, new President and CEO of Gucci
After numerous rumours, Francesca Bellettini has been appointed the new President and CEO of Gucci following the departure of Stefano Cantino.
Luca de Meo could replace François-Henry Pinault at Kering
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.
