Coty puts professional beauty, hair brands up for sale
Coty Inc said Oct. 21 that as a result of a strategic review it will focus more intently on its fragrance, cosmetics and skin care businesses. Coty said it is launching a process to explore strategic alternatives for its Professional Beauty business and associated nail and hair brands, including Wella and Clairol, as well as the company’s Brazilian operations, including a divestiture. Credit Suisse is advising on the process. JAB Holdings is Coty’s largest shareholder.
22 October 2019•10 mins read
