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Coty names Camillo Pane as new CEO
NEW YORK -- Coty announced Thursday that Camillo Pane will take over as CEO in October, after the company's acquisition of Procter & Gamble's beauty business is complete.
Bart Becht, currently interim CEO and chairman of Coty, will continue to serve as the chairman of Coty’s Board. Pane currently holds the position of EVP of Coty’s Category Development and is a member of the Coty Executive Committee.
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Unilever acquires Dollar Shave Club for $1 billion
LONDON and ROTTERDAM, Netherlands -- Unilever has acquired Dollar Shave Club in a deal said to be worth about $1 billion, gaining a firmer foothold in the burgeoning market for male grooming products.
Unilever announced lat Monday that it had signed an agreement to purchase Dollar Shave Club. Founded in 2012 and headquartered in Venice, Calif., Dollar Shave Club has grown into a full male grooming business that has transformed the shaving category with its lifestyle brand empowering 3.2 million members.