Must Read: Kering Sells Beauty Portfolio to L’Oréal, Kim Jones Named Creative Director of Areal

These are the stories making headlines in fashion on Monday. Kering will sell its beauty division to L’Oréal for €4 billion (approximately $4.6 billion), the companies announced on Sunday. Per the agreement, the beauty conglomerate will acquire Kering’s fragrance line Creed, and have a …

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