Analysts Laud L’Oréal-Kering Beauty Deal

PARIS – Analysts smiled broadly on news that broke overnight of the sale of Kering Beauty to L’Oréal for 4 billion euros. As previously reported, Kering and L’Oréal jointly said they are forming a long-term strategic partnership in beauty and wellness. More from WWD The binding agreement encompasses the acquisition of the House of Creed by L’Oréal and gives the French beauty giant the rights to enter into a 50-year exclusive license for the creation, development and distribution of fragrance and beauty pr ...