Coty completed its merger with the Specialty Beauty Business of Procter & Gamble in a $12.5bn deal.

Coty, an American multinational beauty company, completed its merger with the Specialty Beauty Business of Procter & Gamble, an American multinational consumer goods corporation, in a $12.5bn deal. "Coty is now better positioned as we aim to become, over time, a global industry leader by being a clear challenger in beauty, delighting our consumers and creating long term shareholder value. I am confident that we now have a much improved team, structure and culture to make the vision of this merger a reality. I look forward to continuing to work with the new leadership team in my role as Chairman to drive Coty to in-market success and profitable growth," Bart Becht, Coty Chairman.