Kering Exits Beauty Business and Terminates Partnership With Coty

Luxury retailer Kering is accelerating its restructuring by selling its beauty business and ending a decade-long licensing partnership with Coty ahead of schedule. The agreement transfers Gucci's beauty operations to L'Oréal under a new long-term exclusive license, effective mid-2027.

By Fernanda Tronco Sat, July 11, 2026 at 4:03 PM GMT+3 5 min read · Yahoo Finance · July 11, 2026, 13:03 UTC

Kering Exits Beauty Business and Terminates Partnership With Coty

Topics: beauty business exit licensing agreement luxury retail

Read the full article at Yahoo Finance

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