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Kering sells beauty division to L'Oreal and says the companies will collaborate on wellness products

Kering sells beauty division to L’Oreal and says the companies will collaborate on wellness products

French luxury goods company Kering said Sunday it is selling its beauty division to L’Oreal for 4 billion euros ($4.66 billion). Under the agreement, Clichy, France-based L’Oreal will acquire the House of Creed high-end fragrance company as well as licenses to create beauty and fragrance products for Kering brands like Gucci, Bottega Veneta and Balenciaga….

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Warren Buffett Just Hit the Buy Button for $521,592,958. Is the Oracle of Omaha Starting to See Value in the Stock Market?

Warren Buffett Just Hit the Buy Button for $521,592,958. Is the Oracle of Omaha Starting to See Value in the Stock Market?

Buffett keeps buying one of his favorite stocks. It has been an up and down year for Warren Buffett’s portfolio. Many of his biggest positions have been trimmed aggressively. But according to recent filings, his holding company, Berkshire Hathaway, is loading up on one of Buffett’s favorite stocks. Last quarter, it boosted its position by…

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China’s fourth plenum: Roiled by purges and buffeted by US frictions, leadership meets to chart country’s rise

China’s fourth plenum: Roiled by purges and buffeted by US frictions, leadership meets to chart country’s rise

Hong Kong  —  Chinese leader Xi Jinping is convening a key political meeting this week where he will push forward his next five-year strategy to strengthen the world’s second-largest economy in the face of mounting friction with the United States. The gathering, known as the fourth plenum, provides an opportune moment for Xi to showcase…

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