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Coty sells remaining Wella stake to KKR
THE WHAT? Coty has sold its remaining 25.8 percent stake in professional haircare company Wella to KKR-managed investment vehicles, completing its full exit from the business. THE DETAILS Under the terms of the transaction, Coty will receive US$750 million in upfront cash consideration, alongside an entitlement to 45 percent of any proceeds from a…
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Coty Chair Peter Harf to Step Down as JAB Plans Leadership Overhaul
THE WHAT? Coty is preparing for a senior leadership shake-up, with chair Peter Harf set to step down and chief executive Sue Nabi expected to depart as controlling shareholder JAB Holdings moves to reset the group’s direction. THE DETAILS JAB plans to appoint a new chair who will then move quickly to install a…