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Coty invests $600M in Younique

Jan. 10, 2017 9:11 AM ETCoty Inc. (COTY) StockBy: Clark Schultz, SA News Editor
  • Coty Inc. (NYSE:COTY) announces that it entered into a partnership with online platform Founders of Younique.
  • The deal is set up for Coty  to acquire 60% of Younique for ~$600M.
  • Younique founder and current CEO Derek Maxfield will continue to lead the business under the new partnership.
  • The transaction is expected to close during Coty’s FQ3.
  • The company says the partnership is expected to be immediately accretive to Coty’s top-line growth, EBITDA margin and FY17 earnings.
  • Source: Press Release

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