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Coty sells majority stake in hair and nail care brands

MarketWatch 05/11/2020

Coty Inc. announced it would sell a majority stake in its hair and nail care business, including the Clairol, ghd, OPI and Wella brands, for $750 million to KKR & Co. The deal was announced after Coty reported a net loss of 36 cents a share in the third quarter as revenue fell 23 percent.

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