As previously communicated, Coty completed a transaction to sell a majority interest in its Professional and Retail Hair Business, including the Wella, Clairol, OPI and ghd brands, to the Wella Company on November 30th, 2020. As of the Closing Date, the strategic direction and management decisions have been made by the new Wella Company, however Coty has been providing the Wella Company with certain transitional support, particularly, but not exclusively, in the area of order, shipping and new customer registration. This transitional support is coming to an end on January 31st, 2022.
This will mark a significant landmark in Wella’s history, becoming a fully independent company once again, and we will be working closely with our customers and other stakeholders to ensure a smooth transition. Please take note of the impact that this transition will have on orders, shipments, and registrations: