UPDATE 2-Coty hives off majority stake in Wella portfolio to KKR
Coty Inc said on Monday it would
sell a majority stake in its hair and nail care brands,
including Wella and OPI, to U.S. buyout firm KKR & Co Inc
for $3 billion in cash in a push to simplify its product
portfolio and cut down debt.
sell a majority stake in its hair and nail care brands,
including Wella and OPI, to U.S. buyout firm KKR & Co Inc
for $3 billion in cash in a push to simplify its product
portfolio and cut down debt.
Posted by Reuters
