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Leading firm sells Pure Plant Extract brand.
December 6, 2010
By: TOM BRANNA
Editor
Coty has acquired a majority stake in TJoy Holdings, Ltd., a Cayman Islands Company which owns Tjoy, a leading skin care company in China. Coty and TJoy anticipate closing the share purchase in January 2011. Coty’s strategic investment extends its skin care business by providing it with a solid foothold in China through TJoy’s existing distribution channels, and also gives Coty a platform to expand its R&D capabilities. The addition of the TJoy and Pure Plant Extract b...
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