Coty Group once surged 13% on reports that it is considering a potential sale
The parent company of makeup brands like CoverGirl, Coty Inc. (COTY.US), saw its stock price soar 13% on Monday, as reports indicated the company is exploring a potential sale.
According to reports, Coty Inc. is in the preliminary discussion stage and may split its business into two parts for sale, including the luxury goods division and the consumer goods division