Brief: Kering Says Gucci & L'oréal Entered Into A 50-Year Exclusive Beauty Licence Agreement

L'oreal SA

07/07/2026 21:18

July 7 (Reuters) - Kering SA PRTP.PA:
KERING ANNOUNCES THAT GUCCI AND L'ORÉAL HAVE ENTERED INTO A 50-YEAR EXCLUSIVE BEAUTY LICENCE AGREEMENT, ONE YEAR AHEAD OF SCHEDULE
KERING - NEW LICENSE WITH L'ORÉAL EXPECTED TO BECOME EFFECTIVE IN MID-2027
KERING - GUCCI AND L'ORÉAL ENTER 50-YEAR EXCLUSIVE BEAUTY LICENSE AGREEMENT
KERING - COTY TO RECEIVE ABOUT $400 MILLION FOR EARLY REDEMPTION OF LICENSE RIGHTS
KERING - COTY TO RECEIVE $250 MILLION IN 2026 AND UP TO $150 MILLION IN 2027
KERING - SELECTED INVENTORIES TO BE BOUGHT IN ADDITION TO ~$400 MILLION PAYMENT
KERING - L'ORÉAL TO PAY KERING TRANSITION COSTS OF ~70% OF EARLY REDEMPTION COSTS AND INVENTORIES
: KERING ANNOUNCES THAT GUCCI AND L'ORÉAL HAVE ENTERED INTO A 50-YEAR EXCLUSIVE BEAUTY LICENCE AGREEMENT, ONE YEAR AHEAD OF SCHEDULE
Source text: ID:nGNE60JkYc
Further company coverage: [PRTP.PA OREP.PA]

 ((Reuters.Briefs@thomsonreuters.com;))