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Coty Speaking With Suitors About Some Professional Brands, Sources Say —Reuters

--Coty, Inc. (COTY) has been in talks with several consumer goods companies and buyout funds over the possible sale of some of its brands, Reuters reported Thursday, citing "three sources."

--Coty is looking to sell some professional hair and nail care brands, the report said.

--Among the reported suitors are Unilever NV (UN), Henkel AG & Co. KGaA (HENKY) and Colgate-Palmolive Co. (CL), the report said.

--Coty, Henkel and Colgate-Palmolive declined to comment, and Unilever wasn't immediately available to comment, the report said.

 

Full story: https://www.reuters.com/article/us-coty-wella-m-a-exclusive/exclusive-unilever-henkel-and-buyout-funds-eye-bids-for-cotys-7-billion-beauty-brands-sources-idUSKBN1XV2GN

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 21, 2019 16:07 ET (21:07 GMT)

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