Kering Beauté Acquired by L'Oréal | Consumer M&A Deal

L'Oréal has completed the acquisition of Kering Beauté, a consumer other business in Clichy, for an undisclosed amount. L'Oréal acquisitions bring luxury fragrance and beauty brands into its portfolio, including the Maison Creed, and extend exclusive 50-year licensing for Bottega Veneta and Balenciaga perfume and beauty products. The consumer M&A also covers Gucci licensing rights that begin after the current Coty license expires, subject to existing Kering obligations. This strategic acquisition is structured as a divestiture acquisition within L'Oréal’s strategic alliance with Kering, with deal terms tied to long-term creation, development, and distribution agreements.