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Approximately $1.5 billion
Financial terms of the all-cash transaction were not disclosed, but industry sources estimate it was for approximately $1.5 billion.
Creed will join other perfume brands in Kering Beauté’s stable that include Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin.
— Read more in Kering Beauté Acquires Creed at Women's Wear Daily via Yahoo.