Coty now the third-largest beauty company in the world. Camillo Pane officially becomes CEO.
Transaction creates an even stronger global beauty company.
L’Oréal has agreed to acquire niche perfumery specialist Atelier Cologne, a company launched in 2009 by Sylvie Ganter and Christophe Cervase.
Highly complementary transaction combines two iconic brand portfolios, creating leading global beauty company with enhanced sales and earnings growth profile.