:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/businessoffashion/FVD22E5VWJFRLHTF65DUB336OU.jpg "For Coty, Is It Goodbye Gucci?")
With its new beauty division, Kering clearly wants to exert more control over its fashion houses’ beauty businesses. That could spell trouble for the companies that currently hold lucrative fragrance and cosmetics licenses.
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