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NewsDesk Milli Chronicle October 20, 2025October 20, 2025 Balenciaga perfumes, beauty industry news, Bottega Veneta, Creed fragrance, European fashion sector, European mergers and acquisitions, France corporate news, French cosmetics market, global luxury market, Gucci beauty license, high-end fragrance brands, Kering beauty sale, Kering debt reduction, Kering restructuring, L’Oréal acquisition, L’Oréal Luxe division, Luca de Meo, luxury business focus, luxury business strategy, luxury fashion industry, Paris business news., soft luxury growth, strategic divestment

Kering Streamlines Portfolio with $4.7 Billion L’Oréal Beauty Deal

Paris — In a strategic shift aimed at refocusing its luxury portfolio, French fashion group Kering has agreed to sell