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Kering chief vows rapid overhaul after sealing €4bn beauty deal
Luca de Meo says agreement with L’Oréal will be first of several big moves to refocus luxury group on Gucci turnaround
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ft.com
Kering closes in on €4bn deal to offload beauty division to L’Oréal
Sale represents first big restructuring move by chief executive Luca de Meo
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Kering agrees €4bn sale of beauty division to L’Oréal
Deal includes rights to develop products under Gucci, Bottega Veneta and Balenciaga labels
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cnbc.com
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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theguardian.com
Gucci owner Kering to sell beauty division to L’Oréal for €4bn
New chief executive Luca de Meo aims to bring down debt burden and refocus on core fashion business
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Kering chief vows rapid overhaul after sealing €4bn beauty deal
Luca de Meo says agreement with L’Oréal will be first of several big moves to refocus luxury group on Gucci turnaround
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Kering adds to hope of luxury recovery as it stems sales declines
Gucci owner reports better than expected 5% drop in third quarter sales in first set of results under new CEO