Jan 10 Beauty products maker Coty Inc said it would buy a majority stake in privately held online cosmetics retailer Younique LLC for about $600 million.
Coty said it intends to buy 60 percent of Younique, through a combination of cash and debt.
The deal is expected to immediately add to Coty's earnings in 2017. (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Shounak Dasgupta)
PRESS DIGEST - Wall Street Journal - Jan 19
Jan 19 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 2-Vegemite comes home to Australia under Bega-Mondelez deal
* Vegemite returns to local ownership for first time since 1926