Gucci owner Kering is said to be nearing deal to sell Beauty unit to L’Oréal

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Kering (OTCPK:PPRUF), the French luxury product maker behind famous brands like Gucci, is in discussions to sell its beauty business to its local rival L’Oréal (OTCPK:LRLCF) (OTCPK:LRLCY), The Wall Street Journal reported on Saturday, citing people