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

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney

USA-WY-Laramie

Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now

RELEVANT JOBS

Litigation Associate

USA-CA-San Francisco

Requirements Candidates should have two to five years of litigation and arbitration experience.&#...

Apply now

Paralegal

USA-NC-Jefferson

Growing law firm in need of a real estate paralegal. Ideal candidate will be organized, responsible,...

Apply now

Creditor's Rights / Collection Attorney

USA-IL-Chicago

Bannockburn, IL-based Regional Debt Collection Law Firm seeks consumer collection attorney with 1-4 ...

Apply now

Associate Attorney - Immigration

USA-NJ-Paramus

Entry-level associate with some experience in immigration law. Duties will include court appearances...

Apply now

SEARCH IN ARCHIVE

To Top