Coty Inc., maker of perfumes endorsed by Beyonce and Heidi Klum, raised about $1 billion on behalf of existing holders in an initial public offering, pricing the shares at the midpoint of the proposed range.
Coty Inc., maker of perfumes endorsed by Beyonce and Heidi Klum, is for sale at a 25 percent discount to rivals in its initial public offering, a valuation that may lure investors unfazed by the billionaire Reimann family’s controlling stake.
Shire Plc settled a patent lawsuit against Teva Pharmaceutical Industries Ltd., paving the way for lower-cost generic copies of the drug Intuniv, used to treat attention deficit hyperactivity disorder.
Gerard Depardieu, the French actor just awarded Russian citizenship, praised his “special relationship” with Chechen strongman Ramzan Kadyrov as he started filming a movie in the mainly Muslim Russian region.
Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.
Jewish leaders from around the world called on Hungarian Prime Minister Viktor Orban to do more to stem rising anti-Semitism in the country as the premier urged “zero tolerance” for nationalist hatred.