French cosmetics giant L'Oreal has made a €1.15bn offer to buy YSL
Beauté from PPR's Gucci Group in an attempt to strengthen its
presence in the luxury market.
YSL Beauté - part of Italian luxury-goods firm Gucci Group - has
reported a drop in sales for the fourth quarter of 2003. As the
Gucci Group records its best ever quarterly revenue results, Beauté
stands out as the division struggling...