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Kering Beauté announced today that it has completed the acquisition of the high-end luxury fragrance House Creed, in accordance with the terms disclosed on June 26th, 2023 and following clearance from the antitrust . French luxury group Kering paid €3.5bn to acquire the fragrance brand Creed as the Gucci owner embarks on a strategically important expansion into the competitive high-end beauty sector.
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Kering Beauté announced today that it has completed the acquisition of the high-end luxury fragrance House Creed, in accordance with the terms disclosed on June 26th, 2023 and following clearance from the antitrust authorities. French luxury group Kering paid €3.5bn to acquire the fragrance brand Creed as the Gucci owner embarks on a strategically important expansion into the competitive high-end beauty sector. Kering SA, the owner of Gucci, has agreed to buy Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances. Kering’s beauty unit is buying 100 per cent.
French luxury conglomerate Kering announced on Monday that it has acquired the high-end fragrance brand Creed, marking its most significant step forward into the luxury beauty sector.
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The all-cash deal to acquire 100% of the fragrance house from funds controlled by BlackRock and by the company's current chairman Javier Ferran is expected to close in the second half this. Kering SA, the owner of Gucci, agreed to buy perfume maker Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances. Kering’s beauty unit is buying.Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. PARIS—Gucci owner Kering KER -0.28% is buying luxury cologne maker Creed, a 263-year-old business that once counted King George III among its clients, as the luxury giant looks to expand in.
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Kering Beauté announces that it has signed an agreement to acquire 100% of Creed from funds controlled by BlackRock Long Term Private Capital Europe and current Chairman Javier Ferrán. Established in 1760 by James Henry Creed, the House of Creed is the largest global independent player in the high-end fragrance market.
The deal sees the group, chaired by French business mogul Francois-Henri Pinault, acquire a 100% stake in the 253-year-old fragrance house for between reported €1 billion to 2 billion, according. Kering Beauté announced today that it has completed the acquisition of the high-end luxury fragrance House Creed, in accordance with the terms disclosed on June 26th, 2023 and following clearance from the antitrust authorities. French luxury group Kering paid €3.5bn to acquire the fragrance brand Creed as the Gucci owner embarks on a strategically important expansion into the competitive high-end beauty sector. Kering SA, the owner of Gucci, has agreed to buy Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances. Kering’s beauty unit is buying 100 per cent.
French luxury conglomerate Kering announced on Monday that it has acquired the high-end fragrance brand Creed, marking its most significant step forward into the luxury beauty sector.
The all-cash deal to acquire 100% of the fragrance house from funds controlled by BlackRock and by the company's current chairman Javier Ferran is expected to close in the second half this.
Kering SA, the owner of Gucci, agreed to buy perfume maker Creed in an all-cash deal as the luxury conglomerate expands in the market for high-end fragrances. Kering’s beauty unit is buying.Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
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PARIS—Gucci owner Kering KER -0.28% is buying luxury cologne maker Creed, a 263-year-old business that once counted King George III among its clients, as the luxury giant looks to expand in. Kering Beauté announces that it has signed an agreement to acquire 100% of Creed from funds controlled by BlackRock Long Term Private Capital Europe and current Chairman Javier Ferrán. Established in 1760 by James Henry Creed, the House of Creed is the largest global independent player in the high-end fragrance market.
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