×
362
Fashion Jobs
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
ADIDAS
Senior Manager, Ecommerce Campaign Operations, Apac
Permanent · GURUGRAM
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
By
Reuters
Published
Jun 29, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coty files for IPO of up to $700 million

By
Reuters
Published
Jun 29, 2012

Beauty company Coty Inc on Friday filed with U.S. regulators to raise as much as $700 million in an initial public offering of common stock, more than a month after it pulled a $10.7 billion unsolicited offer to buy Avon Products Inc.


Philosophy, a Coty brand / Photo: Coty


Coty Chairman Peter Harf had told a German paper last month the company was preparing for an IPO.

The company first made a public offer for Avon in April and had raised its offer on May 10, but pulled its bid saying the world's largest cosmetics direct seller had missed its deadline to start talks.

Coty, which owns well-known brands such as Calvin Klein, Davidoff and Sally Hansen, among others, said it holds the second position globally in fragrances.

Its products run the gamut from luxury perfumes for Bottega Veneta to skin care products sold at Wal-Mart Stores Inc .

The company posted net income attributable to it of $32.9 million on revenue of $3.58 billion for the nine months ended March 31.

Coty is majority owned by German conglomerate Joh. A. Benckiser. Warren Buffett's Berkshire Hathaway and private equity firm Rhone each own a 7.5 percent stake in the company.

Coty competes against companies such as Estée Lauder Cos Inc , L'Oreal SA and Elizabeth Arden Inc.

The company, founded in Paris in 1904 by Francois Coty, told the U.S Securities and Exchange Commission in a preliminary prospectus that BofA Merrill Lynch, J.P. Morgan and Morgan Stanley were the lead underwriters of the IPO.

The filing did not reveal how many shares the company planned to sell or their expected price.

The company intends to list its common stock on the Nasdaq or the New York Stock Exchange under the symbol "COTY".

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

© Thomson Reuters 2023 All rights reserved.