Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L'Oréal

Core Insights - The article highlights a potential deal as an initial strategy by new Kering CEO Luca de Meo to rejuvenate the luxury brand's performance [1] Company Summary - Kering is undergoing leadership changes with Luca de Meo taking the helm, indicating a shift in strategic direction aimed at revitalizing the company's market position [1]