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Gucci owner Kering (OTCPK:PPRUF) (OTCPK:PPRUY) confirmed on Sunday that it agreed to sell its beauty business to L'Oréal (OTCPK:LRLCF) (OTCPK:LRLCY) for €4 billion (~$4.7 billion). The deal includes a 50-year license deal for Gucci fragrances, which
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