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CEO David Taylor answers critics at annual meeting
October 21, 2016
By: TOM BRANNA
Editor
It wasn't the $12.5 billion deal that Procter & Gamble originally envisioned when it sold dozens of beauty brands to Coty, but key executives today defended the $11.4 billion split-off of CoverGirl cosmetics and 40 other brands, noting the final sale price was far more than they originally expected. “This was actually a very good deal,” CEO David Taylor said in response to a question from the audience during the annual meeting of shareholdersat the company’s headquarters in downtown...
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