Lenders allege the struggling beauty company stripped its collateral as part of a “brazen” scheme to raise new capital.
The investment is the first step toward a broader deal under which KKR would acquire 60% of Coty's professional beauty and hair care business.
CFO Jon Moeller says the second-quarter results show P&G's turnaround plan is working despite weak sales of baby and feminine care products.
The ailing beauty company is buying a majority stake in startup Kylie Cosmetics as it seeks to appeal to a younger demographic.
Natura Cosméticos "believes it can revive the fortunes of the company historically known for its doorstep Avon Lady sellers."
Gustavo Arnal is joining the beauty company at "a critical time" as it seeks to execute a new long-term growth strategy.
Beauty products maker elevates chief operating officer to the CFO position.
The beauty company blamed declining foot traffic at retailers, store closures and the shift to online shopping.
Procter & Gamble washes its hands of its salon professional, retail hair color, cosmetics, and fine fragrances lines of business.
