Reports circulated in the market late Thursday that Coty Inc. has signed a deal to buy Del Laboratories for an estimated $800 million. It is expected that the two firms could announce the acquisition as early as today.
Del Labs, which is owned by the New York private equity firm Kelso & Co., is known in the beauty industry for its Sally Hansen nail care — the market leader — but its business also includes over-the-counter pharmaceuticals, such as the Orajel brand.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"