62 May 2016
|
beautystorebusiness.com
Here's what we know now on the big Coty-Procter & Gamble
deal that's scheduled to close later this year.
by Marc Birenbaum
JULY 9, 2015, IS A DATE THAT NO ONE IN THE BEAUT Y BUSINESS
will ever forget. That's when the Procter & Gamble Co. (pg.com) announced the
signing of a definitive agreement to merge 43 of its brands—known as "RMT
Brands"—with Coty in what's known as a Reverse Morris Trust transaction.
The $12.5-billion transaction includes P&G;'s global salon professional hair care
and color, retail hair color, cosmetics and fine fragrances businesses, along with
select hairstyling brands. It's also referenced as the "P&G; Specialty Beauty Business."
Here Beauty Store Business presents an overview of what's happening with
this right now, pulling a lot of what's publicly known and released in a piecemeal
fashion and across the globe from pubic-companies Coty and P&G; all into one
place. This broad-strokes approach also reveals what the new Coty could likely
look like as the deck among the beauty giants totally gets reshuffled.
gettyimages.com