Luxury goods company Kering is close to finalizing a deal to sell its beauty division to L’Oreal for nearly $4 billion, according to a report by the Wall Street Journal. The sale would include popular brands such as Gucci and Yves Saint Laurent, boosting L’Oreal’s presence in the high-end beauty market.

Read more at Investing.com: Kering nears $4 billion sale of beauty unit to L’Oreal, WSJ reports