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Today it was announced that Sylvie Moreau, long-time champion of the professional industry and chief of the Wella brands, including Wella Professionals, OPI, ghd, Nioxin, and Clairol, will be stepping down from her role as Coty Professional Beauty President.

Coty and KKR signed a Memorandum of Understanding for KKR to acquire a majority stake in Coty’s Professional Beauty and Retail Hair Businesses at a contemplated enterprise value of $4.3 billion.

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