#luxury-beauty

#luxury-beauty

Kering SA agreed to sell its beauty division to L'Oreal SA as part of a long-term strategic alliance, with Chief Executive Luca de Meo seeking to turn around the French luxury giant's fortunes. The owner of fashion brands including Gucci said the deal aims to accelerate growth, according to a statement issued by both companies on Sunday night. The deal is valued at €4 billion ($4.7 billion), according to the statement.

Beauty advent calendars have become big business. They started around a decade ago - for example, Liberty's first beauty advent calendar launched in 2014, at a cost of £149 (packed with products worth £420).[1] This year Liberty's calendar is yours for £275 and gives you products worth £1245.[2] As the season turns from summer to autumn, and we pull out winter coats and jumpers and boots, we start the countdown to Christmas. (Around 80 days at the time of writing.)