NEW YORK There's talk that nail polish company OPI Products is looking to sell itself for at least $900 million, according to a Wall Street Journal report.
OPI reportedly is in discussions with several parties, including Coty and private-equity firm Bain Capital, according to WSJ, which cited "people familiar with the matter."
Harris Shepard Public Relations, which represents OPI, stated: "The rumors about the sale of OPI have persisted for years. Other than that, [we] have no comment. Thank you."
WSJ reported that Bain didn't respond to its request for a comment, and Coty stated that it "had no news to report at this time."
Citing Euromonitor International data, WSJ reported that OPI's products held roughly 6% of the U.S. market last year.