Perfume maker Coty Inc agreed to buy Philosophy Inc., a maker of personal care products, for about $1 billion.
Philosophy is currently owned by private equity company Carlyle Group, Reuters said.
Philosophy focuses on skin products, fragrance, bath and body care and color cosmetics. Its products are sold at retailers including QVC and Nordstrom. The company is expected to post sales of more than…
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Coty to Purchase Philosophy for $1 Billion originally appeared on DailyFinance on Tue, 23 Nov 2010 06:40:00.
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