US cosmetics firm would become world’s largest hair product and perfume company if,as likely, deal goes throughCoty is on track to acquire Proctor & Gamble’s beauty commerce in a $12bn (£7.7bn) deal that would invent the US cosmetic company the world leader in perfume and haircare. If the deal goes though, or sources close to it said,Coty would bag its hands on brands such as Gucci and Hugo Boss perfume, Wella and Clairol hair care products and Max Factor and Cover Girl makeup, and part of its strategy to reverse its own declining sales trends. Continue reading...
Source: theguardian.com