AcquisitionsBusiness

L’Oreal Acquires Kering’s Beauty Portfolio in €4 Billion Strategic Expansion

In a major luxury sector consolidation, L’Oreal has agreed to acquire Kering’s beauty business for €4 billion. The deal includes the prestigious Creed fragrance house and licensing rights for Gucci, Bottega Veneta, and Balenciaga beauty products, according to company announcements.

Major Luxury Beauty Acquisition

French beauty conglomerate L’Oreal has reached a definitive agreement to acquire the beauty division of rival French company Kering in a transaction valued at €4 billion ($4.66 billion), according to reports released Sunday. The all-cash deal represents one of the most significant consolidations in the luxury goods sector in recent years and is expected to close during the first half of 2026.