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Coty Submits Bid To Acquire Bourjois Brand From CHANEL

October 7, 2014: 12:00 AM EST
Coty Inc. proposed to acquire the Bourjois cosmetics brand from CHANEL. According to the binding offer submitted by Coty, the proposed deal would involve the transfer of 15 million Class A Coty shares to CHANEL, which has agreed to enter into exclusive negotiations. Available at around 23,000 outlets in 50 countries, Bourjois color cosmetics products lead their segments in leading markets, such as Western Europe, the Middle East, and Asia.
"Coty Inc. Offers to Buy Bourjois Cosmetics Brand from CHANEL to Strengthen Its Global Leadership Position in Color Cosmetics", Coty Inc, October 07, 2014, © Coty Inc
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