The German chemical and consumer goods company is acquiring a 75 percent stake in Invincible Brands Holding from Capital D private equity fund.

Coty planned to sell the professional division to pay down debt and focus the business on key categories.

The acquisition helps Henkel strengthen its position as a dominant self-care business.

Schaeffler previously served as the general manager of Henkel Professional North America, working on hair-care brands Sexy Hair and Kenra Professional.

Foltermann brings more than 16 years of experience in the beauty professional industry to his new role at Sexy Hair.

Nature Box will hit retail shelves in January. The line builds upon Henkel’s sustainability initiatives.

The former Coty ceo is expected to become supervisory board chairman of HBC’s German and Belgian department store chain.

The maker of Schwarzkopf, Fa and Syoss products registered adjusted net profit that gained 9.1 percent in 2017 versus 2016.

The company’s ceo said difficult conditions in the consumer goods market will likely persist.

The company is paying $485 million to buy the professional hair business from Shiseido.

Henkel has also acquired Sexy Hair, Kenra and Alterna.

The maker of Dial, Persil and Loctite confirmed its full-year 2017 guidance.

Brands feeling the pinch from online competition and consumer belt tightening could risk their image by price cutting.

Revenues in the quarter were bolstered by the German consumer goods company’s three business units and all geographic regions.

Rahmyn Kress will fill the role starting in the second quarter of this year.