Luxury goods giant Kering, which handles brands such as Yves Saint Laurent, Gucci and Balenciaga, is dragging Alibaba, China’s biggest e-commerce operator, to the law courts for the second time in 12 months.
Kering sues Alibaba for second time in 12 months
Alibaba, China's biggest e-commerce operator, is being accused of profiting from selling fakes
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Puig mulled ‘arrangement’ with Kering before Estée Lauder Companies merger talks
Puig had explored a potential ‘long-term licensing arrangement’ with Kering that did not come to fruition, which had occurred prior to Estée Lauder Companies proposing a merger with the Spanish giant, which was recently terminated
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Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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Finance
Analysis: Are we entering a new era of beauty megacorporations?
From L’Oréal acquiring Kering’s entire beauty division, to the potential merger between Estée Lauder Companies and Puig, are we entering a new era of beauty megacorporations? And is this concentration of beauty giants good or bad?