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Coty Closes In On Acquiring Haircare Company GHD

October 16, 2016: 12:00 AM EST
Coty is close to acquiring UK-based haircare products manufacturer GHD. There are no details on how much Coty plans to pay for GHD; however, according to a company that tried unsuccessfully to buy the company earlier, it is likely to be much higher than ₤400 million. Private equity firm Lion Capital put up GHD for sale earlier in 2016, with a number of cross-border merger and acquisition deals having been made following the drop in sterling's value after the UK's vote to leave the EU.
Mark Kleinman, "US beauty giant Coty to swoop on £400m GHD", Sky News, October 16, 2016, © Sky UK
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