Cosmetics – News

Kering in Advanced Talks to Divest Beauty Business to L’Oreal in Multi-Billion Dollar Deal

Kering is finalizing negotiations to sell its beauty division to L’Oreal in a deal valued at approximately $4 billion, according to sources familiar with the matter. The transaction would transfer ownership of Creed fragrance and beauty development rights for several luxury fashion brands. This strategic move comes as Kering’s new CEO addresses investor concerns over mounting debt.

Major Beauty Industry Consolidation

French luxury conglomerate Kering is reportedly in advanced negotiations to sell its beauty division to cosmetics giant L’Oréal for approximately $4 billion, according to sources familiar with the situation. The deal, which could be announced as early as next week, represents one of the most significant industry developments in the luxury beauty sector this year.

by Alvarez JordanOctober 18, 2025November 2, 2025

Business Economy and Trading

LVMH Stock Soars 14% as Q3 Earnings Beat Expectations, Boosting Bernard Arnault’s Fortune

LVMH stock recorded its best single-day performance in over two decades as shares surged 14.36% following better-than-expected Q3 earnings. The luxury conglomerate’s market capitalization reached €304.89 billion, cementing its position as Europe’s second most valuable company while boosting chairman Bernard Arnault’s personal fortune by approximately $19 billion.

The luxury goods sector witnessed a remarkable trading session as LVMH shares surged dramatically following the company’s positive third-quarter earnings report. The Paris-listed stock climbed more than 14.36% to €609.20 ($708.14) in early afternoon trading, marking the conglomerate’s strongest single-day performance in more than two decades according to financial network CNBC. This substantial increase translated to a significant wealth boost for chairman Bernard Arnault, whose fortune grew by approximately $19 billion as a result of the stock appreciation.