Company News, Financial News

Coty Completes ‘ghd’ Deal

$510 million exchanged for hair styling brand.

Coty has completed its acquisition of ghd, a global premium brand in high-end hair styling appliances, further strengthening its worldwide leading position in professional hair care. The acquisition is expected to be immediately accretive to Coty’s earnings.

Camillo Pane, chief executive officer of Coty, said, “We are excited to welcome the ghd company to Coty. The addition of ghd, with their state-of-the-art hair appliances further strengthens our Coty Professional Beauty division, providing us with a strong foothold in an adjacent, complementary category. We look forward to continuing to grow and nurture ghd internationally as Coty strives to become a global industry leader by being a clear challenger in beauty.”

ghd will become part of the Coty Professional Beauty division, where it will be managed as a standalone business. The deal was announced in October 2016.

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