Coty Inc Archive

GHD Acquired for $511 Million by Coty

NEW YORK, United States — Coty Inc. agreed to buy the London-based hairstyling-appliances company GHD for £420 million ($511 million) in cash, expanding its offerings in the professional hair category. The British company, whose name is short for “Good Hair Day,” will be acquired from investment firm Lion Capital LLP. The business has increased global sales 30 percent over the past three years, bringing in …