Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debt

Source: CNBC Top Stories | Published: October 20, 2025, 9:25 am | Read Original

Bearish -50.0

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.

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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.

CNBC Top Stories • Oct 20, 2025 • Found on Glideslope.ai

Post hash: ckr7xca • glideslope.ai/post/ckr7xca

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Bearish • Score: -50.0

-100 (Bearish) +100 (Bullish)

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