Business

Kering Strikes €4 Billion Beauty Division Sale to L’Oreal in Strategic Partnership

French luxury group Kering has reportedly agreed to sell its beauty division to cosmetics giant L’Oreal in a strategic partnership valued at €4 billion. The deal includes the transfer of high-end fragrance label Creed, which Kering acquired just last year to build its beauty platform.

Major Beauty Industry Realignment

French luxury conglomerate Kering has reportedly reached an agreement to sell its beauty division to global cosmetics leader L’Oreal in a partnership arrangement valued at €4 billion ($4.7 billion), according to statements issued by both companies. Sources indicate the deal represents a strategic shift for Kering as it navigates challenging market conditions while aiming to accelerate growth in the beauty segment through partnership with the industry’s dominant player.

AIHardware

Broadcom Debuts Thor Ultra 800G Ethernet NIC with PCIe Gen6 for AI Infrastructure

Broadcom has unveiled the Thor Ultra, an 800G Ethernet Network Interface Card designed for AI data centers. The card leverages PCIe Gen6 and new packet control technologies to address limitations of traditional RDMA, promising improved performance and vendor flexibility.

Broadcom’s New AI Networking Solution

Broadcom has introduced the Thor Ultra, described in reports as the industry’s first 800G AI Ethernet Network Interface Card (NIC). According to sources, the card is engineered for large-scale data centers that support advanced Artificial intelligence tools and workloads across hundreds of thousands of XPUs. The Thor Ultra’s implementation of PCIe Gen6 x16 is said to significantly boost throughput, addressing performance and scalability demands in AI-driven environments.