Category: Acquisitions

AcquisitionsBusinessRetail

Kering Sells Beauty Division to L’Oréal in $4.7 Billion Strategic Partnership

In a transformative move for the luxury beauty sector, L’Oréal has agreed to acquire Kering’s beauty business for approximately $4.7 billion. The deal includes the prestigious Creed fragrance brand and establishes a long-term partnership for developing beauty products for Kering’s luxury houses.

Landmark Beauty Industry Acquisition

L’Oréal has reportedly reached a $4.7 billion agreement to acquire Kering Beauté, marking the beauty giant’s largest acquisition to date according to industry reports. The transaction includes the coveted Creed fragrance brand and establishes what sources describe as a 50-year strategic partnership between the two French luxury conglomerates.

by Darren Holt
AcquisitionsBusinessFinance

Private Equity Giants Blackstone and TPG to Acquire Hologic in Landmark $18.3 Billion Healthcare Deal

In one of the largest healthcare take-private deals this year, private equity firms Blackstone and TPG have reportedly reached an agreement to acquire medical diagnostics company Hologic. The transaction, valued at up to $18.3 billion, includes significant premium payments to shareholders and performance-based incentives tied to future revenue targets.

Major Healthcare Acquisition Announced

Private equity firms Blackstone and TPG have agreed to acquire medical diagnostics company Hologic in a deal reportedly worth up to $18.3 billion, according to Tuesday announcements. Sources indicate this transaction represents one of the largest healthcare take-private deals recorded this year, signaling continued private equity interest in the healthcare diagnostics sector.

by Liam Dorsey
AcquisitionsBusiness

Kering Divests Beauty Division to L’Oreal in €4 Billion Strategic Debt Reduction Move

Gucci owner Kering has reportedly reached a €4 billion agreement to transfer its beauty operations to cosmetics giant L’Oreal. The deal marks new CEO Luca de Meo’s first significant strategic move to reduce the luxury group’s substantial debt burden while refocusing on core fashion labels.

Major Beauty Business Transfer

French luxury conglomerate Kering has agreed to sell its beauty division to cosmetics leader L’Oreal for approximately €4 billion ($4.66 billion), according to reports confirmed Sunday. The transaction represents a significant strategic pivot under newly appointed CEO Luca de Meo as he moves to address the company’s substantial debt load and refocus on core fashion operations.

by Liam Dorsey