Coty puts $239m bid in for Chanel’s Bourjois cosmetics brand
Fragrance, colour cosmetics and skin care brand owner Coty has confirmed a binding offer to acquire Bourjois cosmetics from Paris-based fashion house Chanel.
News & Analysis on Cosmetics Innovation
Fragrance, colour cosmetics and skin care brand owner Coty has confirmed a binding offer to acquire Bourjois cosmetics from Paris-based fashion house Chanel.
The health food giant found itself in the spotlight after equality charities accused it of “exploiting racism to make money” by stocking Dr Organic's Royal Jelly Skin Body Whitening Cream.
Analysis
Shares have risen in Coty since it announced its intention to acquire luxury fragrance and color cosmetics brand Bourjois from Chanel, but a Euromonitor analysts says the deal does not cover all bases.