Reports: Coty to buy P&G beauty businesses
Coty Inc. is slated to acquire three beauty care businesses from Procter & Gamble Co., according to published reports. The New York Post reported late Monday that Coty has won an auction to buy P&G’s CoverGirl and Max Factor cosmetics brands, hair care business and fragrance business. P&G’s hair care brands include Wella and Clairol.
