Beauty Business News
So, the big news of the week is that Coty is strongly rumoured to have bought up Max Factor, Wella and Covergirl from P&G.
While it’s all big excitement at the finance end (it’s a $12 billion deal, apparently), it’s probably going to be completely devastating to anyone working at any of those three. As you can imagine, streamlining will be the first part of any move and jobs will certainly go. Think PR, marketing, digital and all the support departments. In the beauty industry we’ve all seen these big brand shifts before and nothing is ever the same afterwards.
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