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Coty to expand brands portfolio
Coty has submitted a binding offer to acquire the Bourjois cosmetics brand from Chanel for 15 million Class A Coty shares. Chanel has agreed to enter into exclusive negotiations.
Bourjois’ portfolio of color cosmetic products are sold through approximately 23,000 points of sale in more than 50 countries around the world. Bourjois was founded in 1863, by French actor Joseph-Albert Ponsin, who developed a line of color cosmetics for his fellow actors.
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First Data courts veterans
Leading payment technology and services company First Data has launched First Data Salutes, a company-wide military engagement strategy aimed at helping the veteran-owned business community and service members and their families who are making the transition to civilian careers.