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Coty (COTY) Announces Completion of ghd Acquisition; Sees Immediate Accretion

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Coty Completes Acquisition of ghd (“Good Hair Day”) the World’s Premium Hair Straighteners & Appliances Company

November 21, 2016 7:07 AM EST

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) announced today that it has completed the acquisition of ghd, a global premium brand in high-end hair styling appliances, further strengthening Cotys worldwide leading position in professional hair care. The acquisition is expected to be immediately accretive to Cotys earnings.

Camillo Pane, Coty Chief Executive Officer, said, We are excited to welcome the ghd company to Coty. The addition of ghd, with their state-of-the-art hair appliances further strengthens our Coty Professional Beauty division, providing us with a strong foothold in an adjacent, complementary... More