You May Also Like: L’Oréal Just Bought IT Cosmetics for $1.2 Billion
P&G announced last year that it would exit “40 lagging beauty brands,” which fall under the P&G Specialty Beauty Brands umbrella. Perhaps best know for being the house of Calvin Klein, Chloe, Marc Jacobs and other licensed fragrances, as well as Philosophy, OPI, Rimmel London and Sally Hansen, Coty will now more than double in size with the spinoff.
You May Also Like: You’ll Never Guess Who Is Buying Elizabeth Arden
Find a Doctor
Find a NewBeauty "Top Beauty Doctor" Near you