Professional Beauty

KKR snaps up Coty’s Professional Beauty arm

KKR snaps up Coty’s Professional Beauty arm

Coty has announced a strategic partnership with KKR, which will see the global investment firm invest US$750 million through the purchase of convertible preferred shares in Coty. In addition, the duo signed a memorandum of understanding under which, KKR will acquire a majority stake in Coty’s Professional Beauty and Retail Hair Businesses at a contemplated enterprise value of US$4.3 billion.

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Portugal green lights hairdressers as lockdown gradually lifts

Portugal green lights hairdressers as lockdown gradually lifts

Portugal has announced that it will allow small stores, beauty salons and hairdressers to reopen as early as next month as part of a ‘gradual, progressive return to normality’ after the country imposed strict quarantine measures in mid March, according to a report published by Bloomberg.

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