Monday, November 29, 2010

Coty's buying spree: first Philosophy skincare, now OPI nail products

From Bloomberg: "Coty Inc., the seller of perfumes by Sarah Jessica Parker and Vera Wang, is close to buying nail-care company OPI Products Inc. for about $1 billion in cash." So Coty will own both Sally Hansen and OPI brands, while adding another product line that is not a fragrance.

Quick! What do you think of when someone mentions Coty? If you answered "the iconic Airspun Face Powder box which may or may not have been designed by Rene Lalique obviously," we can be friends!

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