Kering in talks to sell beauty business to L'Oréal for $4B: report

Core Viewpoint - Kering SA is in advanced discussions to sell its beauty division to L'Oréal, with the deal potentially valuing the unit at approximately $4 billion [1] Company Summary - Kering SA is a French luxury conglomerate and the parent company of Gucci [1] - The beauty division being sold is a significant part of Kering's portfolio [1] Industry Summary - The luxury beauty market is experiencing consolidation, as evidenced by Kering's potential sale to L'Oréal [1] - L'Oréal is a major player in the beauty industry, and this acquisition could enhance its market position [1]