Kering clinches €4B deal to sell beauty division to L’Oreal

3 hours ago 1
 French company and leader of world market of perfumery and cosmetics. Office of company or corporation and world business and trade.

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Gucci owner Kering (OTCPK:PPRUF) (OTCPK:PPRUY) said Sunday it agreed to sell its beauty business to L'Oreal (OTCPK:LRLCF) (OTCPK:LRLCY) for €4 billion (~$4.66 billion), confirming earlier speculation, in a deal that marks

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