Go
Your browser has Javascript disabled, so some things may not quite work how they should on LI right now: please enable JavaScript in your browser to fix things, we have no nefarious trackers, or scripts by Facebook, Google or others.
In Brief
Tuesday, 23 February 2021 19:20 Corporate M&A
Debt-heavy cosmetics business Coty has picked up a $750m investment from private equity major KKR as it looks to shore up its balance sheet amid losing customers to rival brands. KKR has also signed a memorandum of understanding with Coty that it will buy a stake in the company’s professional beauty and retail hair businesses, including Wella, Clairol, OPI and Ghd, at an enterprise value of $4.3bn.