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Coty to exit Wella with sale of remaining stake to KKR
The move completes the divestment plan the beauty group, and Coty will receive an upfront cash payment of $750m.
Coty Inc. (NYSE: COTY) is selling its remaining stake in Wella to KKR for $750 million upfront and 45% of any future sale or IPO proceeds.
Coty has sold its remaining 25.8% stake in hair care brand Wella to KKR for $750 million, while retaining rights to a share ...
PARIS – Coty Inc. continues deleveraging and divesting non-core assets, and has sold its remaining 25.8 percent stake in hair care giant Wella to KKR.
NEW YORK & GENEVA--(BUSINESS WIRE)--Wella Company, an innovative global leader in the $100 billion hair and nail segment of the beauty industry, today marked its third year as an independent company, ...
Dec 19 (Reuters) - Coty on Friday said it has sold its remaining 25.8% stake in Wella to KKR for $750 million. Coty said it has rights to 45% of any proceeds from a further sale or an ...
Beauty powerhouse Coty sells its remaining 25.8% stake in Wella to KKR and names Markus Strobel as Executive Chairman and Interim CEO.
The French beauty giant intends to use the cash generated by the divestment to pay down its short-term and long-term debt ...
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NEW YORK & GENEVA--(BUSINESS WIRE)--Wella Company, a global leader in the $100 billion beauty industry, today celebrates its one-year anniversary as a stand-alone company. Wella Company has a top ...
Turner knows a thing or two about good hair days, considering she's a natural blonde who dyes her hair red for her role as Sansa Stark on Game of Thrones. "My red hair represents the most amazing ...
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