L'Oréal Officially Acquires Kering Beauté for $4.6 Billion USD

SummaryL'Oréal has officially completed its acquisition of Kering Beauté in a massive €4 billion EUR cash deal following regulatory approvalThe historic transaction includes the House of Creed alongside exclusive 50-year licenses to develop and distribute beauty and fragrance products for Balenciaga and Bottega VenetaL'Oréal has also secured the rights to a 50-year license for Gucci, which will take effect following the expiration of the brand's current agreement with CotyThe be...