(Mike Mozart)

Report: Coty Will Acquire Procter & Gamble’s Beauty Brands

Procter & Gamble has been looking to streamline its massive portfolio of brands, looking to sell, spin off, or shut down the majority of them. Last night, the unofficial news came out that many of the company’s beauty brands sold to competitor Coty, which means that Cover Girl and Clairol will be run by another drugstore cosmetics veteran. [More]

(EmreKanik)

What Does It Mean That No One’s Buying $3 Nail Polish?

Earlier in the Great Recession, cosmetics company Coty was doing pretty well. The company makes the least expensive cosmetics that you’ll find in a local drug or discount store, brands like Sally Hansen and Rimmel. Even as the global economy fell apart around us, people could still spare a few bucks for nail polish, and the company did relatively well. Now sales are down and retailers aren’t ordering as much. Why is that? [More]