You are here

Coty offers to buy Bourjois with shares

Deal will give Bourjois parent Chanel, owner of the French make-up brand, a 4.2% stake in Coty worth an estimated US$240 million

BT_20141009_COTY9_1309677.jpg
Bourjois was created in 1862 by French actor Joseph-Albert Ponsin to provide make-up for stage performers

Paris

US cosmetics group Coty said on Tuesday that it has made a binding offer to buy French make-up brand Bourjois from Chanel and give the family-owned French luxury company a stake in Coty worth an estimated US$240 million.

The deal would mean Chanel, the world's second-biggest

sentifi.com

Market voices on:

Powered by GET.comGetCom