Coty to sell majority stake in Wella, Clairol, OPI and ghd to KKR for $4.3bn

The beauty giant has signed a Memorandum of Understanding for the sale of a majority stake in its Professional Beauty and Retail Hair businesses

Coty has signed a Memorandum of Understanding with private equity firm KKR for the sale of a majority stake of its Professional Beauty and Retail Hair businesses.

The agreement outlines a plan for KKR to acquire 60% of the businesses including Wella, Clairol, . . .

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