The world’s third-largest beauty company is changing direction following an acquisition tear in recent years, now exploring strategic options for its Professional hair care/salon and Brazilian businesses to reduce debt and sharpen its focus on Luxury and Consumer fragrance, makeup and skin care. The 21 October announcement has lifted Coty’s stock roughly 18%, though analyst takes are mixed.
[Coty Inc.] is exploring a possible sale of its Professional Beauty business and Brazilian operations in a further show that the firm may have bit off more than it could chew with a series of hefty acquisitions in recent years.
“Today’s announcement accelerates [our] transformation and will help reposition Coty as a more focused and agile company, deleverage our balance...
L’Oréal has signed an agreement to acquire the Color Wow professional styling brand for an undisclosed price.
Swiss fragrance company Givaudan SA will acquire Brazilian fragrance house Vollmens Fragrances, as DSM-Firmenich names Jonathan Simon president of fine fragrance.
Eyelids have the "thinnest, most sensitive skin on the body" and are "highly prone to dehydration," which is why Scope has launched new Optase Life Sensitive Eye Daily Renewal Cream.
