Coty Inc. Sells Remaining Stake in Wella to KKR
Coty Inc. has entered into a Purchase and Sale Agreement with Tides Holdco Limited for the sale of Coty JV Holding S.Ã r.l.'s shares in Rainbow JVCo. The sale includes 7,747,552.2297 shares of Class 1 Ordinary Shares, 53,056,845.8482 shares of A1 Preference Shares, and 423,419,953.0856 shares of B1 Preference Shares. In exchange, Coty JV will receive $750,000,000 in cash and a consideration loan note. This transaction is part of Coty's strategy to simplify its portfolio and operations, and it is expected to reduce Coty's financial net leverage. The company also announced the termination of a related Shareholders' Agreement and entered into a new shareholders' agreement for Tides Holdco Limited. Coty Inc. expects to record a material non-cash impairment charge of approximately $200 million in the second quarter related to this agreement. The company issued a press release on December 19, 2025, announcing the execution of the agreement.