Coty Inc. agreed to sell the Wella and Clairol brands to buyout firm KKR & Co. as part of a $4.3 billion deal including debt, giving the beleaguered cosmetics company a financial infusion as the coronavirus pandemic upends the retail industry. The sale of Coty’s...
U.S. private equity house KKR said on Monday it had acquired a stake of 5.2% in ProSiebenSat.1 Media, becoming the third investor to amass a sizable shareholding in the struggling German broadcaster. KKR, which bought ProSieben with Permira in 2006 in a deal reported...
MCP acquires majority holding in Hessian family-run enterprise Klapp Cosmetics Growth and new sales markets planned abroad Founder Gerhard Klapp retains stake and switches to the group’s Advisory Board Production to be ramped up at the Hessisch Lichtenau site from...
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank’s revenue from equity derivatives trading and knocked a third off its first quarter profit. However, Chief Executive Jean-Laurent...
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday. The resolution was put forward by the...
