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Gucci expands its Alchemist's Garden fragrance collection with The Heart of Leo, a new 100 ml Eau de Parfum; the notes include Olibanum resin, myrrh and blackcurrant accord

Kering Beaute completes acquisition of high-end luxury fragrance Creed following clearance from antitrust authorities; Creed will be consolidated in Kering accounts starting from Nov. 1

Gucci-owner Kering reportedly paid US$3.83B for high-end French fragrance label Creed; French luxury group made the acquisition since flagging intentions earlier in the year to create an in-house cosmetics business

Coty CEO says Gucci license not under discussion for next five years amid questions about whether Kering could take back license for Gucci beauty products; Kering buying high-end fragrance label Creed, marking move to build an in-house cosmetics business

Kering Beaute acquires Creed, a luxury heritage fragrance house, Kering's first strategic beauty acquisition; Kering plans to accelerate Creed's development in China, travel retail and in feminine fragrance, body and home categories

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