Coty completes acquisition of Bourjois cosmetics from Chanel

Coty Inc. has completed its acquisition of French cosmetics brand Bourjois from Chanel for approximately 15.43 million shares of Coty’s Class A Common Stock.

Bourjois has a portfolio of color cosmetic products that are sold through approximately 23,000 points of sale in more than 50 countries around the world, with leading positions in some of the most attractive markets for color cosmetics, such as Western Europe, the Middle East and Asia. Bourjois was founded in 1863, by French actor Joseph-Albert Ponsin, who developed a line of color cosmetics for his fellow actors.