Kering Said to Discuss €4 Billion Sale of Beauty Unit to L’Oreal

The deal could be announced as soon as next week, although discussions could still fall apart, the people said, asking not to be identified because the information is private. Kering declined to comment, while L’Oreal, which owns Garnier and Maybelline New York, didn’t immediately respond to a request for comment. A potential sale of Kering’s beauty business would be the first strategic move under de Meo, as he confronts a slump in Chinese demand and the threat of higher US tariffs.

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