October 17, 2016 – Coty announced today that it has reached a definitive agreement to acquire ghd, a premium brand in high-end hairstyling appliances, from Lion Capital LLP for approximately $510 million. The transaction will be funded with a combination of cash in hand and available debt facilities. Upon closing, the acquisition is expected to be immediately accretive to Coty’s earnings. The addition of ghd’s market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s worldwide leading position in the professional hair category. ghd products represent the top of the (more…)
Industry News
BREAKING NEWS! Coty Agrees to Acquire Ghd
October 17, 2016 – Coty announced today that it has reached a definitive agreement to acquire ghd, a premium brand in high-end hairstyling appliances, from Lion Capital LLP for approximately $510 million. The transaction will be funded with a combination of cash in hand and available debt facilities. Upon closing, the acquisition is expected to Continued
October 16, 2016·1 min read
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