Will — or won’t — Kering take beauty back in-house during 2023? And in that case, what form might that take?
The excitement around such questions keeps intensifying, with industry experts wondering whether and when the French luxury conglomerate might attempt to take some, or all, of its licensed fashion and jewellery fragrance brands in-house. In addition they ponder if beauty brand acquisitions could be within the offing.
Industry sources have said Kering was all for acquiring Byredo, which was snapped up by Puig in late May 2022, and Tom Ford, which was purchased by the Estée Lauder Cos. in December 2022, as an example.
One thing’s for certain, though: Kering is mulling possibilities.
Jean-Marc Duplaix, chief financial officer of Kering, within the context...
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