KKR and Henkel hold on on bidding for Coty brands: Reuters

KKR and German conglomerate Henkel are holding off on bidding for Coty Inc's beauty brands, due to the shutdown of hair and nail salons caused by the coronavirus, reported Reuters.

KKR and German conglomerate Henkel are holding off on bidding for Coty Inc’s beauty brands, due to the shutdown of hair and nail salons caused by the coronavirus, reported Reuters. The sale was launched earlier this year by Credit Suisse.

Source: Reuters