L Oréal Seeks Early Gucci Beauty License Acquisition
Analysis based on 7 articles · First reported Feb 13, 2026 · Last updated Feb 14, 2026
The potential early transfer of the Kering===Gucci beauty license from Coty to L Oréal could significantly impact the luxury beauty market, boosting L Oréal's portfolio and potentially diminishing Coty's market share. This event highlights strategic shifts within the cosmetics and luxury goods industries, with implications for investor sentiment towards all involved entities.
French cosmetics giant L Oréal is actively pursuing an early takeover of the Kering===Gucci beauty license, currently held by Coty until 2028. L Oréal's CEO, Nicolas Hieronimus, confirmed ongoing discussions between Kering===Gucci owner Kering and Coty, expressing L Oréal's desire to acquire the brand sooner. This move follows Kering's sale of its beauty division, including Creed, to L Oréal for €4 billion last October, a transaction widely seen as a strategic step towards securing the Kering===Gucci license. Analysts view Kering===Gucci's beauty segment as underdeveloped, suggesting significant growth potential under L Oréal's management. Coty's new CEO, Markus Strobel, has indicated openness to value-creating deals, despite previous rejections of Kering's attempts to buy out the license.
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