Financial News

Is Coty for Sale?

Rumors swirl, but company won't comment on reports.

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By: TOM BRANNA

Editor

One of the biggest names in beauty may be planning its exit strategy. Coty, a major player in mass and prestige fragrances and cosmetics, is exploring a two-part sale. It would involve its luxury division and consumer division, according to industry sources. A Coty spokesperson said the the company does not comment on rumor and speculation. Potential suitors include Interparfums, according to one report. But the fragrance house is said to be interested in only a few fragrance brands,...

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