Following the news that Coty plans to sell its Professional Beauty division by 2020, Kline analyses the suitors best placed to adopt the business
Carrie Mellage, Kline
Coty is planning a sale of its Professional Beauty business, four years after acquiring the division from P&G in what was hailed the largest beauty shake-up of the decade.
The beauty brand owner of Wella, Clairol, OPI and ghd revealed that after thorough analysis its management team and Board reached the conclusion that the future growth opportunities of the business “lie increasingly outside the company’s core strategic focus”.
But who is a serious contender for Coty's professional brands? Here, Carrie Mellage, Vice President of Kline’s Consumer Products, discusses the companies in the running.
Wella and its sister brands are on the block again after Coty’s recent announcement regarding its plans to sell its professional beauty division.
Ranking #2 in the global professional hair care market, according to Kline’s Salon Hair Care Global Series, makes Coty an attractive business to potential buyers.. . .
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