USA: Henkel and Coty size up P&G hair & beauty businesses – reports
Henkel and Coty have made offers to buy separate parts of P&G’s beauty businesses, worth up to a combined $12 billion, according to a report in Reuters quoting “people familiar with the matter”. The sale of one or more personal care assets would be in line with the stated strategy of P&G’s new CEO, AG […]
France: Coty offers to buy Chanel’s Bourjois cosmetics brand
Coty has announced that it has made an offer to buy the French cosmetic brand Bourjois in order to expand its presence in Western Europe. It would acquire the brand from cosmetics giant Chanel which would then become a significant shareholder of Coty through the receipt of 15 million Class A Coty shares, the company said. Bourjois’ portfolio of colour […]
USA: Coty acquires OPI distributor in the UK
Coty Inc. has entered into an agreement to acquire UK distributor Lena White Ltd., The Wall Street Journal is reporting. Lena White has served as the main distributor for Coty’s OPI brand in the UK for the past thirty years, supplying professional and retail beauty channels alike. According to Coty, the move will allow the […]