Coty has completed its acquisition of the Bourjois cosmetics brand from Chanel for a consideration of approximately 15.43 million shares of Coty’s Class A Common Stock.
The color cosmetics portfolio is sold through about 23,000 points of sale in more than 50 countries in 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.
