A group including New York property investor Sharif El-Gamal agreed to buy the Manhattan building that houses the fashion program at the Parsons art and design school, home to television’s “Project Runway.”
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.
U.S. stocks rallied, giving the Standard & Poor’s 500 Index its biggest gain since January, on better-than-forecast economic data and speculation the Federal Reserve will signal plans to maintain record low interest rates.
Coty Inc., the maker of perfumes by Heidi Klum and Beyonce Knowles, said it is confident in financing for its $10 billion bid to acquire Avon Products Inc. as it works to convince investors to support the offer.