<p>According to a report by Reuters on the 18th, French luxury giant Kering Group plans to sell its beauty division to French L'Oréal S.A. The report states that the deal could reach $4 billion, approximately 28.5 billion yuan. The transaction includes L'Oréal acquiring ownership of the high-end perfume brand Creed, as well as the rights to develop beauty products for several fashion brands under Kering Group. Currently, both Kering Group and L'Oréal Group have not responded to this</p>

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<p>According to a report by Reuters on the 18th, French luxury goods giant Kering plans to sell its beauty division to French L'Oréal S.A. The report states that the deal could reach $4 billion, approximately RMB 28.5 billion. The transaction includes L'Oréal acquiring ownership of the high-end perfume brand Creed, as well as the rights to develop beauty products for several fashion brands under Kering. Currently, both Kering and L'Oréal have not responded to this</p>

L'Oréal may acquire Kering Beauty for 28.5 billion yuan