Coty Inc. said it is in exclusive talks with private-equity firm KKR & Co. on a $3 billion deal that would carve out Coty’s professional-beauty and hair-care businesses and give the struggling beauty giant a much-needed infusion of cash. The deal, which Coty expects to complete late this year or in early 2021, would turn Coty’s most stable unit into a separate, jointly owned business. Coty said it is still working out details of the transaction, including which brands would be part of it. That unit includes the Wella,...

Source: Wall Street Journal May 11, 2020 11:46 UTC