×
104 890
Fashion Jobs
HOMEGOODS
Tucson - Distribution Center Accuracy Control Supervisor
Permanent · Tucson
HOMEGOODS
Loss Prevention Detective
Permanent · Cincinnati
HOMEGOODS
dc Loss Prevention Specialist
Permanent · Jefferson
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Security Guard, Northridge Fashion Center - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Puente Hills - Part Time
Permanent · City of Industry
MACY'S
Asset Protection Detective, Beverly Center - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Captain, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Asset Protection Detective, Christiana - Part Time
Permanent · Newark
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
CWF (CHILDREN WORLWIDE FASHION)
Ecommerce & Digital Coordinator
Permanent · NEW YORK
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Ontario
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hammond
FOOT LOCKER
Community Marketing Manager- San Francisco
Permanent · San Francisco
OLD NAVY
Assistant General Manager - Rookwood Commons
Permanent · Cincinnati
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milwaukee
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · University Park
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Bel Air
KOHLS
Full-Time Loss Prevention Officer
Permanent · Norwalk
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Scottsdale
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · York
Advertisements
Published
Apr 30, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JAB gets the go-ahead for Coty tender offer

Published
Apr 30, 2019

New York-based cosmetics conglomerate Coty has announced that all conditions for the tender offer made by Cottage Holdco B.V., an affiliate of JAB Holding Company, were satisfied or waived on April 26, giving the green light for a $1.75 billion deal that will see the investment firm become Coty’s largest shareholder.


Coty is one of JAB's oldest investments - Instagram: @cotyinc

 
First made on February 13, the tender offer will see JAB acquire 150 million shares in Coty at $11.65 a share, a transaction that will take its current 40% stake in the international beauty company up to around 60%.
 
Following a positive response from the special committee set up by Coty to evaluate the deal in mid-March, the offer’s expiration date was pushed back repeatedly in April as JAB waited on a final regulatory approval in Russia.

On Friday, however, Coty was able to confirm that “as of April 26, 2019, all required regulatory approvals, clearances or applicable waiting periods have been received or expired in all relevant jurisdictions,” which, aside from Russia, include Brazil, Canada, China, the European Union, Mexico, South Africa, Turkey and Ukraine.
 
With a portfolio of brands that includes Covergirl, Max Factor, Sally Hansen and Rimmel, Coty’s products are currently sold in more than 150 countries around the world. However, the beauty group, which has only posted one quarterly net profit in the last two years, has been struggling to keep up with the changes taking place in the cosmetics industry.
 
Coty reported a 4.8% decline in revenue to $2.51 billion in the second quarter ended December 31, 2018, while its net loss totaled $960.6 million, or $1.28 per share.

Copyright © 2021 FashionNetwork.com All rights reserved.