COTY OFFERS $239M IN STOCK FOR BOURJOIS

摘要

Coty Inc has submitted a binding offer to Chanel to acquire its Bourjois cosmetics brand for 15 million Class A Coty shares, worth approximately US$239m, in response to which Chanel has agreed to enter into exclusive negotiations. Founded in 1863 by French actor Joseph-Albert Ponsin, who developed a line of colour cosmetics for his fellow actors, the Bourjois brand is today sold through approximately 23,000 points of sale in more than 50 countries around the world.