Coty (COTY) shares gained more than 7% in recent trading after Women's Wear Daily, the fashion-industry trade journal, reported Monday that the company was exploring a possible sale.
The talks are in very early stages and could comprise a potential sell-off in two parts, one involving Coty's luxury division and another its consumer division, WWD reported, citing sources familiar with the talks.
Coty did not immediately respond to a request for comment from MT Newswires.
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Price: 5.07, Change: +0.34, Percent Change: +7.19