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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

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


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...

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