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Coty deal questioned by Henkel in new developments.
December 23, 2015
By: Melissa Meisel
Henkel filed a request with Brazilian antitrust regulators to review Coty Inc's purchase of Hypermarcas SA's beauty care unit, according to reports. The news broke on this deal earlier in the month, as previously reported in Happi.
In a document, Henkel's representation—Brazilian law firm Levy Salomão—said Cade failed to consider the combined impact of the Hypermarcas deal with Coty's recent acquisition of P&G's beauty products.
According to reports, both transactions would give Coty a considerable market share in Brazil's hair color market.
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