Why the L’Oréal-Kering Tie-in Could Change the Playbook for Armani

Updated 3:24 p.m. ET Oct. 21 The playbook for Giorgio Armani could change now that L’Oréal has a blooming partnership with Kering. More from WWD As previously reported, news broke Sunday night that Kering Beauty is being sold to L’Oréal for 4 billion euros. Concurrently, Kering and L’Oréal are forming a long-term strategic partnership in beauty and wellness. Might this partnership expand into fashion? Only time will tell. But it could make good sense when it comes to Armani. Wills of the late designer ...