Coty Inc. (COTY) Sells Wella to KKR for $750 Million, Downgraded by Evercore ISI and Santander.
ByAinvest
Thursday, Jan 15, 2026 6:33 pm ET1min read
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Coty Inc. (COTY) has sold the remaining 25.8% of hair care business Wella to KKR for $750 million, ending a portfolio streamlining program that began in 2020. The corporation retains 45% of the proceeds from any future sale or IPO. The majority of the upfront funds will be used to pay off debt. Following the announcement of CEO Sue Nabi's resignation, Evercore ISI downgraded Coty Inc. from Outperform to In Line.
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