L’Oréal closes Kering Beauté
L’Oréal finalised a €4 billion acquisition of Kering Beauté and set a 50‑year partnership that covers brands including Balenciaga, Bottega Veneta and Gucci — the deal also includes royalties and joint 'Beauty Tech' initiatives. The move reshuffles luxury and beauty supply chains and creates integration work across production, distribution and brand licensing. (ww.fashionnetwork.com)
L’Oréal and Kering confirmed the transaction closed on March 31, 2026 after securing the required competition‑authority clearances, per L’Oréal’s press release. (loreal.com) The deal transfers the House of Creed into L’Oréal’s portfolio; Kering had integrated Creed into its accounts after completing that acquisition in October 2023. (loreal.com) The strategic alliance behind the sale was first disclosed on October 19, 2025, when both groups announced the binding agreement and the broader cooperation framework. (kering.com) A Coty subsidiary launched legal proceedings in the U.K. in October 2025 disputing elements of the planned handover of an incumbent beauty licence that remains contractually active through 2028. (thefashionlaw.com) Kering framed the divestment as part of a balance‑sheet repositioning: the group reported 2025 sales down roughly 13% to €14.675 billion and was noted in reporting to have carried about $11 billion of debt last summer. (modaes.com) Both companies said a strategic oversight committee will monitor coordination on product development and brand alignment, and they confirmed continued exploration of joint initiatives in wellness and longevity under the new alliance. (loreal.com)
