As a part of its recently revealed turnaround plan, Coty is reportedly considering whether or not to sell between $500 million and $1 billion in assets, according to WWD.
The article stated that there is speculation that Alejandro Vicente, senior vice president and global head of M&A for Coty, may exit the group once the divestitures are complete.
The company stated that it had about $7.4 billion in net debt, as of March 31.
Coty did not comment on the potential sale.
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