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Coty to acquire hair tools maker GHD for $511 million
NEW YORK -- Coty has reached a definitive agreement to acquire GHD, a premium brand in high-end hairstyling appliances, from Lion Capital LLP for approximately $510 million.
The deal marks Coty’s first acquisition since it completed the purchase this month of 41 Procter & Gamble Co. beauty brands, including Gucci fragrances, CoverGirl cosmetics and Max Factor makeup.
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Unilever turns heads with Dollar Shave club acquisition, extending reach in male grooming category
Unilever’s $1 billion purchase of Dollar Shave Club was an eye-opening deal. While Unilever has been on a buying spree, snapping up companies such as REN, Kate Somerville, Dermalogica and Murad — all premium skin care brands — the deal with Dollar Shave represented growth in a different market. Now the industry awaits Unilever’s next move.
(To view the full Shave Report, click here.)