Gucci owner sells beauty unit to L'Oreal for $4.7 billion
- Posted on October 20, 2025
- By Business News Today
- 1 Views
Gucci owner sells beauty unit to L'Oreal for $4.7 billion
In a bold strategic shift, Kering, the parent company of Gucci, has decided to offload its beauty division to L'Oreal for a hefty $4.7 billion. This significant decision by the newly appointed CEO Luca de Meo aims to alleviate the company's financial burdens.
