PARIS — Could Kering be plotting a move into beauty?
Reporting first-half results after the market close on Wednesday, the French luxury group said it was looking at the segment, although it did not specify whether it might follow in the footsteps of Hermès International by launching its own beauty line, or whether it was on the hunt for acquisitions.
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Kering currently operates under a license model, with Coty Inc. handling Gucci, Alexander McQueen and Bottega Veneta; L’Oréal holding the rights for Saint Laurent, and Interparfums in charge of Boucheron.
Speaking after the group disclosed that net profit rose 34 percent in the first half versus the same period last year, group managing director Jean-François Palus said Kering was encouraged by the success of its eyewear division, launched in 2015, for which it is targeting revenues of 2 billion euros in the medium-term.
“Regarding beauty, it