Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debt
- Posted on October 20, 2025
- By CNBC
- 4 Views
Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debt
The sale marks a major shift in strategy by new CEO Luca de Meo as he moves to tackle the luxury group's high debt and refocus on its core fashion business.
