Coty reviews CoverGirl, considers sale or spinoff

Cosmetics maker Coty is conducting a strategic evaluate of CoverGirl and its different mass-market magnificence manufacturers, and can contemplate choices together with promoting or spinning them off, The Wall Street Journal reported on Tuesday, citing an organization announcement reviewed by the newspaper.

Coty is reviewing the way forward for its mass-market magnificence portfolio, together with CoverGirl, as a part of a broader reassessment of its enterprise technique.

The report couldn’t be independently confirmed by Reuters on the time of publication.