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KKR, valuing Coty's Professional and Retail hair business, included are Wella, Clairol, OPI, and the ghd brands (placed together under the "Wella" moniker), at $4.3 billion, will be investing $1 billion directly as deleveragement alongside $2.5 billion in net cash proceeds when the Wella deal is closed, expected to be within the next six to ...
Coty is one of the world's largest beauty companies and the largest fragrance company, [4] [5] with $5.3 billion in revenue for the fiscal year 2022. [6] Coty acquired 41 beauty brands from Procter & Gamble in 2016, [7] becoming the global leader in fragrance, the second largest company for hair color and styling products, [8] and the third largest company for color cosmetics. [9]
In 2016, Coty bought ghd for an estimated £420 million from the private equity firm Lion Capital LLP. [14] The sale was completed on 21 November 2016. [15] On December 1, 2020, Coty completed sale of Wella, Clairol, OPI and ghd brands stake to KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. [16]
(Reuters) -Coty Inc's fragrances and cosmetics enjoyed strong demand in the first quarter, helping it surpass Wall Street targets despite pressure from a strong U.S. dollar and the company's exit ...
In 2021, Coty acquired a 20% stake in Kim Kardashian’s KKW Beauty (now called SKKN), two years after it took a 51% stake in sister Kylie Jenner’s brand. Both women are now reportedly seeking ...
One of the world's largest consumer products companies raised $1 billion in an initial public offering (IPO) this morning. Coty Inc. (NYSE: COTY) sold 57.1 million shares of class A stock at $17. ...
The deal cuts Coty's stake in Wella, Clairol, OPI and ghd brands to around 30.6%. [8] On November 8, 2021, Coty agreed to sell an approximate 4.7% stake in Wella to KKR in exchange for the redemption of approximately 56% of KKR's remaining convertible preferred shares in Coty. The deal reduces Coty's total shareholding in Wella, Clairol, OPI ...
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