Consortium set to buy bankrupt German retailer Galeria, sources say [Yahoo! Finance]
Coty Inc. Class A (COTY)
Last coty inc. class a earnings: 2/5 06:30 am
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Source: Yahoo! Finance
store chain Galeria Karstadt Kaufhof, dpa learned from sources close to the negotiations. Representatives for Galeria's insolvency manager, Stefan Denkhaus, and the company itself both declined to comment on the deal, which was reported earlier by the Handelsblatt business daily. Denkhaus is said to have recently held final negotiations on the sale of the chain with two bidders. Handelsblatt reported Denkhaus informed creditors on Monday that NRDC and Beetz were to be awarded the contract and that the deal would be inked on Tuesday. Denkhaus plans to publicly present the buyer on Wednesday, with a creditor committee then likely giving its final approval for the takeover in May. NRDC is owned by entrepreneur Richard Baker. The 58-year-old is seasoned investor in the retail sector and owns a majority stake in the Hudson Bay Company (HBC) and Saks Fifth Avenue. Through HBC, he already owned Galeria Kaufhof between 2015 and 2019 before the fashion retail chain was sold to the Si
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COTY
News
- Coty: Valuation Needs More Caution Despite Great Turnaround [Seeking Alpha]Seeking Alpha
- Coty Inc. (NYSE: COTY) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $17.50 price target on the stock.MarketBeat
- 15 Best Everyday Colognes in 2024 [Yahoo! Finance]Yahoo! Finance
- Cosmetics Market Analysis, Size, and Global Forecast Report 2023-2032 Featuring Coty, P&G, Estee Lauder, Colgate-Palmolive, Johnson & Johnson, Revlon, Beiersdorf, Kao, LVMH, and Mary Kay [Yahoo! Finance]Yahoo! Finance
- The Business Of Thinking Big – Why Managers Should Study Philosophy [Forbes]Forbes
COTY
Earnings
- 2/7/24 - Beat
COTY
Sec Filings
- 4/2/24 - Form 4
- 3/6/24 - Form 4
- 2/9/24 - Form 8-K
- COTY's page on the SEC website