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.