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Coty Wins Right To Buy Personal Care Brands From Procter & Gamble

June 15, 2015: 12:00 AM EST
Cosmetics and fragrances company Coty Inc. won an auction to acquire two personal care brands from Procter & Gamble. Also, Coty won the auction for P&G's haircare business, which includes the Wella brand. Valued at $12 billion, the proposed acquisition will transform Coty into a big-league player in the beauty and personal care market.
Josh Kosman, "Coty Inc. acquires beauty product lines from P&G for $12B", New York Post, June 15, 2015, © NYP Holdings, Inc.
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