Legal News

P&G Makeup to Be Bought By Makers of Calvin Klein Perfume
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

P&G Beauty brands

Summary: The deal between Coty Inc. and Procter & Gamble is expected to close in late 2016 and would make Coty the top perfume maker.

For $12.5 billion, Coty Inc. will buy Procter & Gamble’s hair care, make-up, and perfume businesses. Coty is the U.S. maker of Chloe and Calvin Klein perfume. This merger will be the largest in cosmetics history and make them the No. 1 perfume maker. Currently L’Oreal holds the top spot with Estee Lauder in second.

  
What
Where


Some of P&G’s perfumes include Gucci, Dolce & Gabbana, and Hugo Boss and the make-up brands of Max Factor and Cover Girl. The acquisition will more than double their size a combined sale of over $10 billion. Coty’s sales have either been hovering or falling while P&G has had trouble expanding their beauty business causing some investors to hesitate at the benefits of such a merger.

Coty will have to take on P&G’s large debt of $2.9 billion, small savings, and big transitions ahead to make the change beneficial. The deal will save Coty $500 million.

P&G is looking to focus their attention of fewer brands that are faster growing. They are the number one seller in the world for household products. The 43 brands that they have sold generated 7 percent of P&G’s total revenue, or $5.9 billion.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Coty has never been a part of the hair business so taking on the brands Wella and Clairol will be a new adventure that BECHT’s BETCoty will take on. They anticipate that hair color products will account for 24 percent of total sales.

Source: http://www.reuters.com/article/2015/07/09/us-procter-gamble-divestiture-coty-idUSKCN0PJ1K320150709



Photo: shows.beautypackaging.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Attorney with 7-10 years of business litigation experience

USA-CA-Century City

Small to mid-size Century City law firm is seeking an attorney with 7 - 10 years of business litigat...

Apply Now

Trust and Estate Attorney with 5-8 Years Experience

USA-MA-Wellesley

Mid-sized law firm in Wellesley is seeking a trust and estate attorney with 5-8 years of experience....

Apply Now

Project Finance and Energy Attorney with 6 years of experience

USA-IL-Chicago

Chicago office of top firm seeks class 2012 associate with energy and project finance experience.

Apply Now

IP Patent Prosecution Agent with 2-4 years of physics experience

USA-WI-Milwaukee

Milwaukee office of our client seeks IP patent prosecution agent with 2-4 years of experience. The c...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Trademark & Business Law Associate | Burlington, Vermont

USA-VT-Burlington

Downs Rachlin Martin PLLC (DRM) is seeking an Associate attorney with 1-3 years of trademark and tra...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top