Kering SA, the French luxury conglomerate and parent company of Gucci, is in advanced discussions to sell its beauty division to L’Oréal in a deal that could value the unit at approximately $4 billion, reported WSJ, citing sources familiar with the matter. The transaction could be announced as early as next week, provided negotiations conclude [...]
Kering in talks to sell beauty business to L’Oréal for $4B: report
