PARIS, July 30 (Reuters) – L’Oreal plans to launch its first Gucci beauty products as early as 2028, the company’s Chief Executive Nicolas Hieronimus said on Thursday, adding he was “super ambitious” for the brand that is also showing signs of improvement in its core fashion and leather goods lines. L’Oreal is set to take […]
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L’Oreal to launch first Gucci beauty products as early as 2028, CEO says
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PARIS, July 30 (Reuters) – L’Oreal plans to launch its first Gucci beauty products as early as 2028, the company’s Chief Executive Nicolas Hieronimus said on Thursday, adding he was “super ambitious” for the brand that is also showing signs of improvement in its core fashion and leather goods lines.
L’Oreal is set to take over the licence to produce beauty products for the Gucci brand from Coty in mid 2027 as part of a €4 billion deal signed with Kering late last year.
(Reporting by Inti Landauro, editing by Dominique Patton)