French cosmetics giant L’Oréal would welcome taking over the Gucci beauty licence before its current 2028 expiry, chief executive Nicolas Hieronimus said, confirming that discussions are under way between Gucci owner Kering and present licence holder Coty. Speaking at an analyst conference, Hieronimus said L’Oréal would be “happy to get the brand sooner,” but stressed […]
Kering reported a smaller-than-expected decline in fourth-quarter sales, offering early signs of stabilisation under new CEO Luca de Meo, even as the luxury group cautioned that recovery remains fragile. Group revenue fell 3% year-on-year to 3.9 billion euros, beating forecasts for a steeper drop, helped by improving trends toward the end of the year. De […]

