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Coty Sells Remaining Stake of Wella in $750 Million Deal with KKR

Coty said on Friday it sold its remaining 25.8 percent stake in the hair care brand, while retaining rights to a share of any future sale or initial ⁠public offering proceeds.
Wella hair care
The sale completes a programme launched by Coty in 2020 to streamline its portfolio. (Shutterstock)

Beauty company Coty said on Friday it sold its remaining 25.8 percent stake in hair care brand Wella to KKR for $750 million, while retaining rights to a share of any future sale or initial ⁠public offering proceeds.

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