NEW YORK — Coty Inc. hasn’t wasted any time moving on to plan B: The beauty firm has hired underwriters to prepare for an initial public offering.
Coty is said to have hired JPMorgan Chase and Bank of America as underwriters for an IPO, which WWD reported Wednesday was a possible next step for the company. A third underwriter is expected to be appointed but has not been set. Coty has not filed a shelf registration with the Securities and Exchange Commission yet; that could come within the next month or so now that underwriters have been hired.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)