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As India’s beauty market heats up, L’Oreal global CEO, top teams of Estée Lauder, Coty, Nars come calling

The global beauty honchos are visiting to study India’s beauty and cosmetics market that is expected to swell to a Rs 2-trillion opportunity by 2025. MNCs are looking at India as a future growth engineNew Delhi: As India’s beauty...

Coty names Sue Y. Nabi Chief Executive Officer

Coty Inc. announced that Sue Y. Nabi has been appointed Chief Executive Officer, effective September 1, 2020. Peter Harf will be elevated to the role of Executive Chairman and will work closely with Nabi to lead Coty’s transformation. Nabi, a...

KKR to acquire majority stake in Coty Professional Beauty

Coty Inc. announced the signing of a Memorandum of Understanding (MOU) with global investment firm, KKR, for the sale of a majority in Coty’s Professional Beauty and Retail Hair business, including Wella Professionals, Clairol, OPI, and ghd brands (together...

Retailer Jimmy Choo puts itself up for sale

Luxury shoe and bag retailer Jimmy Choo, with market value of over 700 million pounds (Rs 5,800 crore), has put itself up for sale. The retailer said it had "decided to conduct a review of the various strategic options open...

Burberry sells perfume, cosmetics arm to beauty giant Coty

Burberry will hand over its fragrances and cosmetics arm to American beauty conglomerate Coty in a deal worth approximately £180 million. Burberry said it would retain creative control of the division while beauty products maker Coty would bring its global...

Mergers & Acquisitions: Consolidation for growth in the beauty space

Globally, mergers and buyouts are common practices where one conglomerate has either acquired all the assets and liabilities of another company, or one has been bought over by a corporate giant purely for business growth. While in the Indian corporate scenario it has been a regular feature, in the Beauty and Wellness space, per se, it is still a relatively new concept with business houses still wanting to remain politically correct while sharing the details. Salon India reports

Coty to acquire Tjoy

French fragrance company, Coty Inc. plans to acquire Tjoy, a Chinese skin care brand. The move is intended to give Coty a foothold in China and the ability to expand its R&D capacities there."The Tjoy investment positions Coty as...

Coty procures OPI

Coty, the global French company, has overtaken FMCG giant, P&G, in the OPI deal. Settling the much-talked about OPI acquisition speculation, Coty has announced that it going to buy the California-based salon-professional nail polish brand. Although the financials of...

Coty Inc opens a subsidiary in Russia

Coty Inc., a leader in the global beauty industry, today announced the opening of Coty’s new Russian subsidiary. The opening of Coty’s Russia office, located in Moscow, is a strategic initiative for establishing direct in-house marketing control of the...

Unilever will give up luxury perfume business

Consumer goods major Unilever will sell its luxury perfume business, which produces Calvin Klein, Cerruti and Vera Wang fragrances, for $800 million (£438 million). The Anglo-Dutch group said it had agreed to sell Unilever Cosmetics International (UCI) to US...
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Brigade Enterprises to invest Rs 8,000 cr in Chennai by 2030 to build malls, offices, homes among other things

In Chennai, Brigade Group has already completed over 5 million square feet across residential, office, hospitality and retail real...
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