Fragrance company Coty says it's delaying its IPO until at least 2013, to give its new CEO time...

|By:, SA News Editor

Fragrance company Coty says it's delaying its IPO until at least 2013, to give its new CEO time to adjust to her role. Earlier this year, the company failed in a bid to acquire Avon Products (AVP) for $10.7B, withdrawing its offer when AVP refused to negotiate.