Close the divestiture of 60% of the Wella business to KKR
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 27 Aug 2020
- Due
- 31 Dec 2020
- Delivered
- 30 Nov 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Divestiture of 60% of Wella business to KKR on track to close by end of CY20”
What we found
Evidence strength A What the grades mean
The filings state the KKR transaction for a majority stake in the Wella Business was completed on November 30, 2020, before the end-2020 deadline.
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A Coty 10-Q filed 2021-02-09
“On November 30, 2020, the Company completed the strategic transaction with KKR for the sale of a majority stake in the Wella Business” ✓ confirmed on the page
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A Coty 10-Q filed 2021-02-09
“Coty received cash proceeds of $2,451.7 for the sale of its 60% stake in Wella” ✓ confirmed on the page
Market reaction: the shares moved -12.5% against the S&P 500 over the three sessions around the disclosure (8 Feb 2021 to 11 Feb 2021). What this measures
Checked 21 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Wella business divestiture
- Target
- 60 percent
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- Medium
- Specificity
- High
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-COTY-019779 · Corrections policy