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Coty To Delay IPO Until 2013

Move gives new CEO time to acclimate herself, according to Bloomberg.

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By: TOM BRANNA

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Coty won’t enter the stock market after all…at least not this year. The world’s biggest player in the fragrance category filed for a US initial public offering in June, but now Coty is delaying the IPO to give its new CEO, Michele Scannavini, time to look over his new business, according to a report by Bloomberg News. At the time of the filing, Coty had hoped to raise as much as $700 million in the offering, according to Bloomberg. Coty was in the news earlier this year fo...

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