Coty Sells Remaining Stake in Wella for $750 Million
Coty Sells Remaining Stake in Wella for $750 Million
Coty Inc. has announced that it will sell its remaining stake in Wella, a leading hair care company, to KKR for $750 million. This move comes as part of Coty's efforts to streamline its portfolio and focus on its core brands.
The sale of Wella's remaining stake is a significant development in the beauty industry, as Wella is a well-established and respected brand. Coty acquired Wella in 2016 as part of its purchase of the beauty company P&G's hair care business. Since then, Coty has worked to integrate Wella into its portfolio, but has now decided to sell the remaining stake to KKR.
The sale is expected to be completed in the first quarter of 2026, subject to regulatory approval. Coty will use the proceeds from the sale to reduce its debt and invest in its core brands.