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

The deal could be announced as soon as next week. Kering SA is in talks to sell its beauty business to L’Oréal SA in a deal worth about €4 billion ($4.7 billion), according to people with knowledge of the matter, as new Chief Executive Luca de Meo seeks to turn around the luxury giant’s fortunes. Most Read from Bloomberg 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 de ...