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Industry buzz

Coty completes acquisition of Bourjois cosmetics brand from Chanel

Coty Inc. and Chanel announced that Coty has completed its acquisition of the Bourjois cosmetics brand from Chanel for a consideration of approximately 15.43 million shares of Coty.

Bourjois, which was founded in 1863, by French actor Joseph-Albert Ponsin, who developed a line of colour cosmetics for his fellow actors, has a portfolio of colour cosmetic products that are sold through approximately 23,000 points of sale in more than 50 countries around the world, with leading positions in some of the most attractive markets for colour cosmetics, such as Western Europe, the Middle East and Asia.

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