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5 articles found
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GlobeNewswire Inc.GlobeNewswire Inc.··Kering

Kering Unveils 'ReconKering' Turnaround: Targets Doubled Margins by 2028

Kering launches ambitious transformation strategy to restore luxury brand desirability and double operating margins through 2030, implementing phased Reset-Rebuild-Reclaim plan.
LRLCYPPRUYcapital allocationoperational excellence
BenzingaBenzinga··Na

L'Oréal Seals Kering Beauté Acquisition, Adds Creed and Luxury Licenses

L'Oréal completes Kering Beauté acquisition, gaining Creed fragrance house and 50-year licenses for Bottega Veneta and Balenciaga beauty brands.
LRLCYPPRUYacquisitionstrategic alliance
GlobeNewswire Inc.GlobeNewswire Inc.··Na

Kering and L'Oréal Complete €4B Beauty Alliance, Reshaping Luxury Cosmetics

Kering and L'Oréal finalize €4 billion beauty partnership, with L'Oréal acquiring Kering Beauté including Creed and securing perpetual beauty/fragrance licenses across Kering brands.
LRLCYPPRUYstrategic partnershipjoint venture
GlobeNewswire Inc.GlobeNewswire Inc.··Kering

Kering and L'Oréal Complete €4B Beauty Alliance, Reshaping Luxury Market

L'Oréal acquires Kering Beauté and secures beauty licenses for Kering's fashion houses in €4B deal, exploring joint wellness ventures.
LRLCYPPRUYjoint venturestrategic alliance
GlobeNewswire Inc.GlobeNewswire Inc.··Researchandmarkets.Com

Middle East & Africa Luxury Market Set to Surge 65% by 2031 as Tech Fights Counterfeits

MEA luxury goods market projected to nearly double from $21.85B (2026) to $36.15B (2031), driven by HNWIs and e-commerce, with blockchain and RFID combating counterfeits.
PPRUYSWGAYe-commerceblockchain