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Kering explores selling its €4B beauty unit, including Kiehl’s and Aesop, to focus on fashion.
Kering is reportedly exploring the sale of its beauty division in a deal valued at around €4 billion ($4.3 billion), with L'Oréal among the potential buyers.
The discussions are in early stages, and no final decision has been made.
The move follows Kering’s strategy to focus on its core fashion and luxury goods brands.
The beauty unit includes well-known brands like Kiehl’s and Aesop.
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Kering explora la venta de su unidad de belleza de € 4B, que incluye Kiehl's y Aesop, para centrarse en la moda.