News Puig/Coty - L'Oreal/Body Shop
Today in the Newsletter from COSMETICS Magazine Toronto, Canada
Coty signs deal with Puig Beauty
Coty Inc. has signed an agreement with Puig Beauty & Fashion to distribute Puig's selective fragrance portfolio in the United States. The agreement is set to begin July 1, 2006. "This will help make further inroads into the US market," said Marc Puig, CEO, Puig Prestige Beauty.
L’Oreal looking to make an offer for The Body Shop
In a statement sent to the London Stock Exchange last week, L'Oreal SA may make an offer for the Body Shop International. L'Oreal's management is continually evaluating a wide range of strategic alternatives that may add value to its shareholders including a possible offer for Body Shop,"; stated L'Oreal. The Body Shop has not been approached, nor has L'Oreal's board been consulted at this time.