Oct 17 Beauty products maker Coty Inc
said it would buy ghd, a high-end hairstyling appliances brand,
from private equity firm Lion Capital LLP for about 420 million
pounds ($522 million).
London-based ghd, whose name stands for "good hair day,"
generated 178 million pounds in revenue in fiscal year 2016.
The all-cash deal, which is expected to close by the end of
2016, is expected to immediately add to Coty's earnings, the
company said on Monday.
($1 = 0.8042 pounds)
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by