Hints and tips:
...Coty and its controlling shareholder JAB Holdings have staked $800m on Kim Kardashian West and Kylie Jenner, who rose to fame on the reality TV show Keeping up with the Kardashians....
...He says that for 15 years, half of the carried interest he was entitled to from Vista’s premiere fund was filtered through a Nevis LLC called Flash Holdings, owned via bearer shares by a Belize foundation...
...Just as creatively, they set up life insurance company Athene Holding, which attracts billions of dollars of life insurance premiums to provide some of the fuel for this $200bn credit machine....
...JAB’s portfolio includes a 10.7 per cent stake in Reckitt, a stake in fragrance group Coty, and control of luxury brands Bally, Belstaff and Jimmy Choo....
...The new entity will take on $1.9bn-$3.9bn debt, depending on the value Coty shares before the deal closes. The higher Coty’s share price, the less debt the new entity will assume....
...(Financial Times) Coty’s IPO investor roadshow is expected to kick off in the coming weeks, with Bank of America Merrill Lynch, JPMorgan Chase and Morgan Stanley leading the share offering....
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