Consumer goods giants Unilever and Henkel and a series of buyout funds including...
One of the sources said Cinven was examining a possible joint bid for the brands.
Coty aims to complete the sale, which was announced last month, by the middle of 2020 and has hired Credit Suisse to handle discussions with prospective bidders. Bankers advising the prospective bidders estimate the portfolio could fetch 10 to 12 times its core earnings of roughly $600 million, giving it a valuation of $6 to $7 billion, the sources said.
The unit, however, has seen falling sales in the last four quarters, prompting Coty’s decision to reduce its exposure to the professional segment.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Xerox threatens to take its acquisition bid directly to shareholders if HP doesn't rethink its offer | Markets InsiderXerox threatened to approach HP shareholders with a $33.5 billion buyout bid if the company doesn't rethink its rejection of the offer. The prin...
Weiterlesen »
Kris Jenner Reveals Kylie Jenner's Beauty Business Plans After SaleOn Monday, beauty company Coty Inc. announced it will pay $600 million for a 51% majority stake in Kylie Cosmetics.
Weiterlesen »
Daniela Rinaldi Leaves Harvey Nichols After 35 YearsThe executive transformed the store into a beauty powerhouse, launching brands ranging from MAC Cosmetics and Shu Uemura to Fenty Beauty in the U.K.
Weiterlesen »
Exclusive: Nina Dobrev is Dior's New Beauty Muse'I always looked up to Dior. It felt so timeless and classy and elegant in every way.'
Weiterlesen »