Chanel

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 cosmetic products are sold through approximately 23,000 points of sale in more than 50 countries around the world, enjoying leading positions …