New York-based cosmetics conglomerate Coty has announced that all conditions for the tender offer made by JAB Holding Company were satisfied or waived on April 26, giving the green light for the $1.75 billion deal.
The New York-based cosmetics giant announced on Monday that the special committee formed to evaluate the tender offer made by JAB Holding in February has recommended that the deal be allowed to proceed.
Coty has launched an on-demand digital personal beauty assistant for the Amazon Echo Show in the UK. Digital innovation with a focus on voice and virtual assistants to be central to company's future strategy
Coty on Tuesday announced the retirement of Ralph Macchio, Chief Scientific Officer and Senior Vice President of Global Research & Development, after 25 years with the company. He will leave Coty on June 30, 2017.