
Kering buys time for Gucci‘s revival with beauty unit sale
By Bloomberg Published October 21, 2025 Beauty is in the eye of the beholder. But it’s not hard to see why Kering SA’s new chief executive officer, Luca de Meo, would want to sell the company’s embryonic beauty division, and why L’Oreal SA would pay €4 billion ($4.7 billion) for it. Inside a Gucci Beauty…