×
2 304
Fashion Jobs
AUTUMNPAPER LIMITED
Alexander Mcqueen CRM Campaign Manager
Permanent · LONDON
BOOHOOMAN
CRM Assistant
Permanent · MANCHESTER
JOHN LEWIS
Loss Prevention Partner
Permanent · BRISTOL
JOHN LEWIS
Loss Prevention Partner
Permanent · EXETER
JOHN LEWIS
Loss Prevention Partner
Permanent ·
LRM GOODS
Marketing Manager
Permanent · GUILDFORD
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 21 Hours - Part Time - Permanent
Permanent · Cambridge
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Crawley - 13 Hours - Part Time, Permanent
Permanent · Crawley
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford Street - 22.5 Hours - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots-Hampton, Peterborough - 11 Hours - Part Time, Permanent
Permanent · Peterborough
ESTEE LAUDER
Clinique - Consultant - Heathrow, Terminal 4 - 18 Hours / 3 Days - Part-Time, Permanent
Permanent · Longford
ESTEE LAUDER
Clinique - Consultant - Boots, Ballymena - 9.5 Hours / Week - Part Time, Permanent
Permanent · Ballymena
ESTEE LAUDER
Mac Cosmetics -Media And Advertising Manager
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Manchester, Handforth - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Lisburn - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Lisburn
ESTEE LAUDER
Clinique - Consultant - John Lewis, Oxford Street - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots - Fosse Park, Leicester - 28 Hours / Week - Part Time, Permanent
Permanent · Leicester
ESTEE LAUDER
Clinique - Consultant - Boots, Aylesbury - 30 Hours - Full-Time, Permanent
Permanent · Aylesbury
Ads
By
Reuters
Published
Jun 16, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coty purchase of P&G assets may take two weeks to finalise

By
Reuters
Published
Jun 16, 2015

U.S. cosmetics group Coty has won auctions to acquire three businesses from Procter & Gamble Co for as much as $12 billion, but details of the company's acquisition could take at least two weeks to be finalised, sources close to the matter said on Tuesday.

Reuters reported last week that Henkel & Co and Coty, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of P&G's beauty businesses.

Nailpolish by Sally Hansen, a Coty brand


And on the weekend, Coty won the weekend valuing the businesses at close to $12 billion, the sources said. If it goes through, it would be the biggest deal in cosmetics in at least a decade and would turn Coty into a world leader in perfume and hair care.

P&G, the world's largest household products maker, has been looking to sell several assets it considers non-core as part of its cost-cutting strategy.

Coty, which has a market value of $9.39 billion and makes perfume for fashion brands Calvin Klein and Marc Jacobs and owns nail polish brand OPI and Rimmel mascara, has been looking to expand its products portfolio.

For tax purposes, the transaction is to be completed through a "Reverse Morris Trust," which means that P&G would spin off its beauty assets into a separate company that would then absorb Coty in an all-share deal, the sources said.
In turn, the newly combined company would then redistribute shares to P&G shareholders.

Hair products from Wella, a P&G brand - Wella


Luxembourg-based JAB Holdings, the billionaire Reimann family's investment company which controls 75 percent of Coty, would own about a third of the equity in the newly combined business and about 47-48 percent of the voting rights, the sources said.

P&G and Coty could not be immediately reached for comment.

With the acquisition of the Gucci, Hugo Boss and Dolce & Gabbana perfume licences, Coty would become the world's No.1 perfume maker ahead of L'Oreal, according to consultancy Euromonitor.

The transaction would mark Coty's entry into the hair care market, dominated by the Wella and Clairol brands it will buy from P&G. With make-up brands Cover Girl and Max Factor, Coty would become the second biggest make-up company behind L'Oreal, up from its previous ranking of No. 5.

© Thomson Reuters 2022 All rights reserved.