Coty Inc. has sold its remaining 25.8% stake in Wella to KKR. Under the terms of the transaction, Coty will receive upfront cash consideration of $750 million and 45% of any proceeds from a further sale or an initial public offering of the business, after KKR’s preferred return has been met. The sale completes the program initiated in 2020 to simplify Coty’s portfolio and operations. Coty intends to use the vast majority of the Wella upfront cash proceeds related to this tr...