BusinessPrivacy

Dutch Regulator Slaps Experian with €2.7 Million GDPR Penalty for Data Handling Violations

The Dutch Data Protection Authority has imposed a €2.7 million fine on Experian Netherlands for GDPR violations. The credit reporting agency collected personal data without proper notification or consent, affecting millions of residents. Experian has ceased operations in the Netherlands and will delete its database by year’s end.

Major GDPR Enforcement Action

The Dutch Data Protection Authority (AP) has reportedly fined Experian Netherlands €2.7 million for serious violations of the General Data Protection Regulation. According to reports, the credit reporting and analytics company collected and utilized personal information from various sources without adequately informing individuals or obtaining their consent.

AcquisitionsBusiness

Kering CEO Announces Strategic Revamp Following €4 Billion Beauty Business Sale to L’Oréal

Kering’s newly appointed chief executive has committed to swift organizational changes following the completion of a €4 billion beauty business sale to French cosmetics giant L’Oréal. The luxury group plans to refocus on its core fashion brands while addressing investor concerns about debt levels and market positioning.

Major Strategic Shift for Luxury Conglomerate

Kering‘s newly installed chief executive Luca de Meo has pledged rapid and sweeping changes to the luxury group’s structure and strategy, according to reports, following the completion of a €4 billion deal to sell its beauty operations to L’Oréal. The executive, who recently joined from automotive manufacturer Renault where he engineered a significant turnaround, indicated this transaction represents just the beginning of his transformation agenda for the Gucci-owner.