Company News, Financial News

Harf Boosts Stake in Coty

CEO's move lifts stock.

After a series of moves this year, Coty Chairman Peter Hart likes what he sees at the world's biggest fragrance company. According to a filling with the USSecurities and Exchange Commission, Harf bought $150 million of Coty stock from KKR, the private equity firm that had taken a stake in the business in connection with a deal for the professional division. The purchase increases Harf’s stake in Coty to about 4.6 percent, the filing said. Harf is also the chairman of Coty majority owner JAB...

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