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2025: L'Oreal bought out the cosmetics business of Kering holding, which owns the Gucci and Balenciaga brands, for 4 billion euros
The French holding company Kering, specializing in luxury goods, has agreed to sell the cosmetics division of the business to L'Oreal. This was reported in October 2025 on the Kering website. The publication states that the agreement includes the sale of the Creed perfume line, as well as 50 years of rights to develop and distribute products under the brands Gucci, Bottega Veneta and Balenciaga. The agreement is valued at €4bn to be paid when the deal closes, expected in the first half of 2026.[1]
2023: Kering bought 30% of Valentino for €1.7 billion
On July 27, 2023, the French group of companies Kering, which owns the brands Gucci, Saint Laurent and Balenciaga, announced the conclusion of an agreement to buy a 30% stake in the Italian fashion brand Valentino from the Qatari investment fund Mayhoola. The transaction amount is €1.7 billion. Read more here.
Notes
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