KKR news and archive

Coty to sell partial stake in Wella to KKR

Coty has confirmed that it has agreed to sell a 9 percent stake in professional haircare brand Wella to KKR in exchange for the redemption of half of KKR’s remaining convertible preferred shares in Coty. The deal will reduce Coty’s total shareholding in Wella to approximately 30.6 percent, which is valued at approximately 1.38 billion US...

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Shandong Ruyi signs deal to acquire SMCP

Shandong Ruyi has signed a deal which would see the Chinese textile company acquire a controlling stake in fashion group Sandro, Maje and Claudie Pierlot (SMCP), valued at an estimated 1.3 billion euros. Shandong Ruyi confirms acquisition of SMCP News of the impending deal broke earlier this week, as private equity firm Kohlberg Kravis Roberts &...

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KKR moves closer to selling SMCP to Shandong Ruyi

London - SMCP, the fashion group consisting of French fashion labels Sandro, Maje and Claudie Pierlot is inching closer to a potential sale to Chinese textile manufacturer Shandong Ruyi, in a deal which is said to value the group at 1.3 billion euros (1.45 billions US dollars), including debt. News of the possible sale comes as US private equity...

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French luxury group SMCP prepares for IPO

SMCP, the parent company behind fashion luxury retailers Sandro, Maje and Claudie Pierlot has taken the first steps for a potential initial public offering (IPO). The company has filed a registration document with the French stock market regulator, the AMF, beginning the process for a possible IPO. "We are happy to register today our document de...