Coty Speaking With Suitors About Some Professional Brands, Sources Say --Reuters
November 21 2019 - 04:22PM
Dow Jones News
--Coty, Inc. (COTY) has been in talks with several consumer
goods companies and buyout funds over the possible sale of some of
its brands, Reuters reported Thursday, citing "three sources."
--Coty is looking to sell some professional hair and nail care
brands, the report said.
--Among the reported suitors are Unilever NV (UN), Henkel AG
& Co. KGaA (HENKY) and Colgate-Palmolive Co. (CL), the report
said.
--Coty, Henkel and Colgate-Palmolive declined to comment, and
Unilever wasn't immediately available to comment, the report
said.
Full story:
https://www.reuters.com/article/us-coty-wella-m-a-exclusive/exclusive-unilever-henkel-and-buyout-funds-eye-bids-for-cotys-7-billion-beauty-brands-sources-idUSKBN1XV2GN
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 21, 2019 16:07 ET (21:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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