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Coty to Exit Wella with Sale of Remaining Stake to KKR
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Coty to exit Wella with sale of remaining stake to KKR
Coty has agreed to dispose of its remaining 25.8% stake in professional haircare group Wella to investment funds and accounts managed by KKR.The post Coty to exit Wella with sale of remaining stake to KKR appeared first on Retail Insight Network.
Coty sells Wella stake to private equity
French-founded beauty brand Coty has sold its remaining 25.8 per cent stake in haircare brand Wella to private equity firm KKR. The deal is expected to bring Coty US$750 million up front and 45 per cent of any future sales proceeds. It comes as Coty looks to simplify its portfolio and operations. “This transaction marks a pivotal milestone for Coty – both in our transformation and in our long-running deleveraging commitment,” said Laurent Mercie…
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