Speculation mounts over potential OPI sale

[The Hat]

Coty is closing in on a deal to acquire nail brand OPI, says Bloomberg.com.

If the speculation is confirmed, the sale could be worth as much as $1 billion. OPI, which was founded in 1981 by George Schaeffer, boasts annual sales of $300 million.

Business analysts will be watching closely to see if an agreement is reached. The sale is likely to strengthen the high worth of nail companies, particularly in light of L'Oreal's acquisition of Essie earlier this year.

US company Coty is a big industry player with annual sales of $3.6 billion. It has been extremely busy buying well-known beauty brands lately, snapping up Philosophy, which was announced yesterday, and German cosmetics firm Dr. Scheller Cosmetics AG about a week ago.

 

[AllThumbs]

Im trying not to freak out here but opi just facebooked that they've sold out to coty! I for one will no longer purchase opi because coty has a bad rap. What have you guys heard? Will you continue to buy? What are we going to do if opi's quality is compromised? Im having a heart attack here...

 

[JuicyLucy]

I think most of us heard this was going to happen a while ago. I don't think there is any need to panic. I doubt very much those of us on the ground will notice any difference. It is a very successful world wide respected brand and any company buying it will want to keep it that way.

I hope so anyway

 

[AllThumbs]

Im just shocked. You should see their Facebook page. Its mutiny out there

 

[mizzy_dizzy]

LIZ ERLE skin care sold out to AVON this year , there wear conditions like the brand not being put in Avon books And the main office staying on the isle of Wight they have stuck to it so far and unless you know you wouldn't notice.

Anyway OPI already sell polish on QVC and AVO PLEX in boots.

 

[Martin Duffy]

Can't personally see the big deal, companies are bought out by others all the time and it rarely affects anything. Decleor was subsumed into Sheseido a few years back and if anything it's been a boon to the brand. All the scaremongering is just that, scaremongering and hearsay, why not wait and see what happens before trying to second guess how it will affect the brand?

 

[Mrs Geek]

Not only is this interesting reading, it is from someone who has 'been there and done that'... enjoy!

Jim’s Thoughts on the Aquisition of OPI by Coty | jimsnailblog

 

[katiebbaby]

Intresting reading thankyou Samantha

xxx