Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debt
The sale marks a major shift in strategy by new CEO Luca de Meo as he moves to tackle the luxury group's high debt and refocus on its core fashion business.
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Renault boss De Meo quits, report says he will lead Gucci-owner Kering
Luca de Meo is leaving Renault to pursue "new challenges," the company said on Sunday.
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