L'Oreal's Big Beauty Bet: What's in It for Them?
L'Oreal just made a huge move in the beauty world. They spent $4. 7 billion to buy some top brands from Kering. This isn't just any purchase. It gives L'Oreal the rights to make products for big names like Gucci for 50 years. That's a long time in business! Why is this a big deal? Well, L'Oreal alr