Coty keeps Brazilian business in KKR deal

Coty keeps Brazilian business in KKR deal

M&A Brazil US

US beauty company Coty said it will hold on its subsidiary in Brazil after agreeing to sell a majority stake in its professional beauty and retail hair care businesses to investment firm KKR for $4.3 billion. "Coty's mass beauty business in Brazil will remain a fully owned business of Coty," the New York-based company said in a press release to announce the deal with KKR on Monday. As part of the sale, Coty said it will carve out the German hair care brand Wella as a standalone company and sell

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