Wella news and archive

Coty to sell 150 million dollar stake in Wella

Cosmetics giant Coty has entered into an agreement to sell a 3.6 percent stake in hair care and beauty company Wella. The binding letter of intent to sell comes in regards to a portion of Coty’s entire stake in Wella, for which it currently holds 25.9 percent. Coty is planning to sell the 3.6 percent for 150 million dollars to investment firm...

Business |Beauty

Coty to sell partial stake in Wella to KKR

Coty has confirmed that it has agreed to sell a 9 percent stake in professional haircare brand Wella to KKR in exchange for the redemption of half of KKR’s remaining convertible preferred shares in Coty. The deal will reduce Coty’s total shareholding in Wella to approximately 30.6 percent, which is valued at approximately 1.38 billion US...