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Schwarzkopf meets Wella: Henkel wants to take over hair care company

            

              
              
                

            

              

The US company Coty belongs to the portfolio of the German billionaire family Reimann and is to be sold. According to insiders, there is already a serious prospect with Henkel – that would bring two major hair care brands under a corporate roof.

              

The consumer goods companies Henkel and Unilever consider according to insiders a bid for well-known cosmetics brands of the US company Coty. It is about a portfolio worth up to seven billion dollars, said three familiar with the operations of Reuters news agency.

 Coty "class =" lazyload "/> </picture><figcaption> <strong> Coty </strong> <span> 10,75 </span> </figcaption></figure>
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<p> Coty, which is controlled by the holding company JAB of the German billionaire family Reimann, will officially look for a buyer in December, and Colgate-Palmolive is expected to enter the race for brands such as Wella and Clairol and OPI nail polishes. But holding companies such as Advent, Blackstone, KKR, CVC and Cinven could also be there. </p>
<p> The Coty division for professional cosmetics products, which are mainly sold to hairdressing salons and nail studios, stands for well One fifth of Coty's annual revenue is $ 1.8 billion, but revenue has recently declined and the group has opted for less exposure, with Coty planning to close the sale by the middle of next year </p>
<p> If Henkel came to the rescue, it would bring the hair care brand Schwarzkopf with Wella under a corporate roof, at Unilever it would be Dove. Coty, Henkel, Colgate-Palmolive, Cinven, Advent, CVC and BC Partners declined to comment. Unilever, Blackstone and KKR were initially unreachable. </p>
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