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Coty Bets on Becht

Will oversee $12.5 billion P&G deal.

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By: TOM BRANNA

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When the deals are this big, there's bound to be some doubters; but Coty Inc CEO Bart Becht can sense a good deal and will stay on board to see it through. Coty will pay $12.5 billion to Procter & Gamble in a move that makes the former the world's largest player in the fragrance market. “As you know, there has been a lot of changes at Coty over the past 12 to 18 months … so the board asked me to stay to oversee the transaction,” Becht told Reuters after the ...

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