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August 3, 2015
By: TOM BRANNA
Editor
Coty is acquiring 43 of Procter & Gamble’s beauty brands in a complicated deal valued at $12.5 billion. The agreement, a Reverse Morris Trust (RMT) transaction, includes P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands. The move will double the size of Coty, creating a $10 billion player in the global beauty industry. Specifically, the move will make Coty the global leader in fragra...
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