Procter & Gamble announced on Thursday a definitive agreement to merge 43 of its beauty brands with Coty. The transaction includes P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands.
Looking to showcase the up and coming brands and unveil its new plans for the Las Vegas show, Cosmoprof North America recently held the Cosmoprof Rising Stars of Beauty event at Rooftop 48 in New York City.
Unilever remains hot on the acquisition trail as it has signed an agreement to acquire clinical skin care brand Murad, which was developed by Howard Murad, a dermatologist, pharmacist and UCLA professor.
Procter & Gamble’s community-building program, My Black is Beautiful, will celebrate its community of 2 million strong by shining a light on what makes Black women “All Together Beautiful” at the 2015 Essence Festival.