Gucci-Owner Kering Sells Beauty Unit to L’Oreal for USD 4.7 Billion as De Meo Targets Debt Pile
Kering’s sale of its Gucci beauty licence and Creed brand to L’Oréal for €4 billion reflects CEO Luca de Meo’s push to shed non-core assets and ease the group’s mounting debt.
Inside Prada’s Bold Bid for Italian Supremacy
Prada tightens its grip on the Italian fashion landscape with a bold EUR 1.25 billion acquisition of Versace, signalling a strategic consolidation of power within the region’s luxury sector.
Sales-Focused Fashion Industry Turns to Beauty
Utilising the “lipstick effect”, can the power of perfumes and the blissful beauty industry overcome a slump in fashion sales?
Kering Group’s Decreased Sales Do Not Spell Trouble
It’s all good at the House of Gucci as The Kering Group sets sights on long-terms goals in stead of short-term returns.
Luxury Powerhouses: Kering Buys 30 Percent of Valentino, LVMH Pays US $166 Million To Sponsor The Paris 2024 Summer Olympics
Kering and LVMH go head-to-head with their own conglomerate strategy dynamics — from a Kering acquisition to an LVMH sponsorship deal of Olympic proportions.
Kering Acquires Creed In A “Natural Extension” of The Group’s Luxury Universe
The all-cash transaction merges Creed’s potential across categories and geographies alongside Kering’s plans for expansion