Happi Staff02.07.20
Nearly everyone knows that Coty bit off more than it could chew when it completed a $12 billion purchase of a bevy of brands from Procter & Gamble a few years back. Now, Coty is said to be in talks to sell many of those beleaguered beauty brands to investment firm KKR for $8 billion, according to sources.
This isn't the first time that the For Sale sign has been hung on portions of Coty beauty. Last fall, Unilever and Henkel and P-E funds, including Advent and Cinven, were said to be in talks to acquire some of the company's most popular beauty brands.
Coty is majority owned by German conglomerate JAB Holdings.
Coty is majority owned by German conglomerate JAB Holdings.