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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Fashion meets film as luxury houses deepen their connection with cinema

Fashion meets film as luxury houses deepen their connection with cinema

Luxury fashion labels are increasingly reaching beyond the red carpets and exclusive parties of the cinema world, becoming partners with filmmakers and production companies. At the Cannes Film Festival this year, which starts on May 13, labels will be looking to showcase not only their outfits, but also their credibility as investors. Alongside corporate heavyweights…

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