Coty in Talks to Purchase OPI for $1 Billion

Fragrance company Coty Inc. is in talks to buy nail-polish maker OPI Products for about $1 billion, The Wall Street Journal reported. A deal could be announced as soon as today, The Wall Street Journal reported without naming its sources.

Coty to Purchase Philosophy for $1 Billion

Perfume maker Coty Inc agreed to buy Philosophy Inc., a maker of personal care products, for about $1 billion. Philosophy is currently owned by private equity company Carlyle Group, Reuters said.