Coty, the American beauty multinational, has finalised the sale of its remaining 25.8% stake in haircare brand Wella to the global investment firm KKR. Under the terms of the agreement, Coty will receive an upfront cash payment of $750 million. Furthermore, the company retains the right to 45% of any future proceeds from a potential initial public offering (IPO) or subsequent sale of the business, once KKR’s preferred return threshold …
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Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will also be focused on upgrading processes and layout of lines, as well as the acquisition …
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products worldwide. According to sources, the deal will be crucial to consolidate Coty’s balance sheet and …
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow the two parties to jointly build and further develop the existing Kylie Cosmetics beauty business into …
Coty, the leading fragrance and toiletries manufacturer, has announced that that it has entered into an agreement to acquire the exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skincare. “This strategic partnership combines Burberry’s British heritage of innovation, craftsmanship and design with Coty’s expertise and leadership in luxury beauty products”, the company said in a statement. Under the agreement, Coty said it would work in partnership with …
US-based multinational beauty products manufacturer Coty has announced its intention to shut down its facility in Seaton Delaval, Northumberland, United Kingdom by the end of next year. According to sources, the cosmetics and perfumes maker wants to consolidate its fragrances operations into “fewer core centres”. “These proposals are the result of a detailed study of our expanded global manufacturing capacities and capabilities for each of our divisions following the merger …
Coty, the global producer of cosmetics and toiletries, is set to close its Wella facility in Hunfeld, Hesse, Germany with the potential loss of 380 jobs, according to a report in Hessenschau. Once a final decision on the site’s future is taken, it is expected that it will close its doors by the end of 2018. Coty took on the Hunfeld facility as part of its acquisition of the Wella …
Coty, the global beauty and personal care firm, has announced that it has entered into a partnership with Younique, a social selling platform for beauty products, that will see it take a 60% stake in the firm. Founded in 2012 in the USA, Younique is described as offering a range of makeup and skin care products that are sold through a peer-to-peer e-commerce platform, using a community of independent presenters to …
P&G, the leading FMCG multinational, has confirmed the 43 health and beauty brands it is selling to cosmetics firm Coty, according to a report in Cosmetics Business. The sale will affect brands in professional hair care, retail hair care, fragrances and cosmetics. Some of the larger brands being divested are Nice N’ Easy hair colour, Hugo Boss, Gucci and Lacoste fragrances and Covergirl cosmetics. Among the brands excluded from the …
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 Lafley, to focus more on the company’s core business, Reuters continues. According to the source …
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