Kering in Talks to Sell Beauty Unit to L'Oréal in $4 Billion Deal
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Kering is in discussions to sell its beauty division to L'Oréal for $4 billion. The beauty unit, launched in 2023, has struggled with sales declines at Gucci and Saint Laurent, prompting Kering to seek debt reduction, with liabilities near $11 billion as of June 30. KER shares saw a slight increase, closing at €309.55.
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