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The deal is for less than $1 billion.
November 30, 2010
By: TOM BRANNA
Editor
After weeks of speculation, Coty Inc. has signed a deal to acquire salon nail care specialist OPI Products Inc. The price tag is said to have come in at under $1 billion. Now, Coty is said to be looking at another opportunity. The beauty giant has been on a buying spree and in recent weeks has struck deals to acquire skin care brand Philosophy from private equity firm The Carlyle Group and Dr. Scheller Cosmetics from Russian company Kalina. Coty funded the OPI acquistion with cash, in...
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