The New York-based cosmetics giant announced on Monday that the special committee formed to evaluate the tender offer made by JAB Holding in February has recommended that the deal be allowed to proceed.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
Beauty products maker Coty Inc has launched an $8 billion (5.7 billion pounds)-equivalent debt refinancing, banking sources said, after paying billions to acquire brands that appeal to younger consumers.
The British cosmetics brand has tapped Indie184 as its new Chief Artistic Officer in a bid to improve its US positioning. The NY artist will help Rimmel tell a story of self expression through a street style campaign.