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Deal expected to close next month.
November 23, 2010
By: TOM BRANNA
Editor
Coty Inc. will acquire Philosophy from The Carlyle Group, a global alternative asset manager. A sale price was not disclosed, but Carlyle was said to be seeking $1 billion for Philosophy, which is expected to have 2010 sales of more than $200 million. The acquisition is expected to close next month. According to Coty, the acquisition expands and diversifies the Coty Prestige division. “Philosophy is one...
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