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Company has 60% claim to direct sales beauty business.
February 2, 2017
By: Melissa Meisel
Coty has completed the acquisition of a 60% stake in Younique, a leading online peer-to-peer social selling platform in beauty. In this new partnership, Younique’s Founders continue to own the remaining 40%.Younique will operate as a separate business within Coty’s Consumer Beauty division. It will continue to be led by its current CEO Derek Maxfield, Chief Visionary Officer Melanie Huscroft and Younique’s management team in partnership with Coty. Camillo Pane, Coty’s chief executive offic...
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