Coty Inc. (NYSE: COTY) announced today that it has completed the acquisition of a 60% stake in Younique, a leading online peer-to-peer social selling platform in beauty. In this new partnership, Younique’s Founders continue to own the remaining 40%.
Younique will operate as a separate business within Coty’s Consumer Beauty division. It will continue to be led by its current CEO, Derek Maxfield, Chief Visionary Officer, Melanie Huscroft, and Younique’s management team, in partnership with Coty.
Camillo Pane, Coty’s Chief Executive Officer, said,
“We are pleased to complete this transaction and partner with Younique to build a leading global e-commerce beauty company. We welcome Younique’s employees, presenters and customers to the Coty family.”
The transaction is expected to be immediately accretive to Coty’s top-line growth, EBITDA margin and FY17 earnings.
About Coty Inc.
Coty is one of