By and and  on January 24, 2008

PARIS — YSL Beauté has a new owner in view, and it's none other than L'Oréal.

The French beauty giant on Wednesday proposed to pay PPR 1.15 billion euros, or $1.68 billion at current exchange, for YSL Beauté Holding, including its Roger & Gallet subsidiary. YSL Beauté is part of the PPR subsidiary Gucci Group.

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