Private-equity investment in professional-beauty and retail hair businesses would yield cash proceeds of $3bn

Former Reporter

Beauty giant Coty said it is in exclusive talks with private-equity firm KKR on a $3bn deal to carve out Coty’s professional-beauty and hair-care businesses, which include Wella, Clairol, OPI and Good Hair Day brands.

The beauty and fragrance giant, which on 11 May also posted steeper losses for the fiscal third quarter as the Covid-19 pandemic has hurt demand, said that KKR would own a 60% stake in the carved-out company.

KKR in talks to lift out Coty’s hair care brands

Dave Sebastian

Procter & Gamble

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Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

https://images.fnlondon.com/im-88462949?size=1.5

Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

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Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

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The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

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Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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