Kering SA

Kering, the luxury conglomerate behind Gucci and Balenciaga, is selling its beauty division to L’Oréal for approximately $4 billion, a move aimed at streamlining operations, reducing debt, and refocusing on its core fashion brands.

Kering SA, a Paris-based luxury goods conglomerate, has seen a significant increase in its share value, but faces regulatory challenges, including a €157 million antitrust fine, which may impact its short-term profitability and require operational…