Beauty

Apollo taps Camillo Pane to help formulate offer for THG

THE WHAT? Apollo Global Management is said to be putting together an offer for UK-based THG, according to a report published by Sky News, and has bought the former CEO of Coty, Camillo Pane, on board to help draw it up.

THE DETAILS Tony Buffin, former CEO of Holland & Barrett has also been linked to the deal as an advisor. The deadline for bids set by the Takeover Panel is May 15, 2023.

THE WHY? The owner of Cult Beauty has suffered since its flotation on the London stock exchange, and the board is widely expected to recommend a sale to either Apollo or another bidder, Sky reports.

The post Apollo taps Camillo Pane to help formulate offer for THG appeared first on Global Cosmetics News.

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