On Friday, Shares of Deutsche Bank AG (USA) (NYSE:DB), added 14.02% and closed at $13.09 in the last trading session. The last trading range of the stock ranges between $12.06 and $13.28. Deutsche Bank AG provides investment, financial, and related products and services worldwide. The company operates through Global Markets; Corporate & Investment Banking; Private, Wealth and Commercial Clients; Postbank, Deutsche Asset Administration; and Non-Core Operations Unit segments. It offers a range of financial markets products, counting bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and securitized products, in addition to mergers and acquisitions, and debt and equity advisory and origination services; and commercial banking, advisory banking, and financial services. The company also provides investment and insurance, mortgages, business products, consumer finance, payments, cards and accounts, deposits, and mid-cap related products, in addition to life and non-life insurance products, and corporate pension schemes; payments, financing for international trade, lending, trust, agency, depositary, custody, and related services; invests in a range of asset classes, counting equities, fixed income, real estate, infrastructure, private equity, and hedge funds; and offers customized wealth administration solutions and private banking services, such as lending and discretionary portfolio administration.
Coty Inc (NYSE:COTY), jumped 1.82% and closed at $23.50 in the last trading session. The last trading range of the stock ranges between $23.12 and $23.76. The company’s Market capitalization is $8.05 Billion with the total Outstanding Shares of 74.01 million. Coty Inc. (COTY) declared recently that it has accomplished the merger of The Procter & Gamble Company’s fine fragrance, color cosmetics, salon professional and hair color and certain styling businesses (“P&G Specialty Beauty Business”) into Coty. Coty is now the third-leading beauty company in the world, with about $9 billion in revenue. As a combined company, Coty will also hold the number one position in fragrances, and number two and three positions in salon hair and color cosmetics, respectively.
As formerly declared, following the completion of the merger, Camillo Pane became the new Chief Executive Officer of Coty. Commenting, Pane said, “It is my great privilege to take over the reins of leadership at such a transformational moment. Recently marks a new chapter in Coty’s rich heritage. With this merger, we have brought together a powerful portfolio of much loved beauty brands and some of the world’s most talented people in beauty and consumer goods. I believe this combination, together with our distinctive entrepreneurial culture, focused and lean operating structure, and efficient earnings model, will facilitate Coty to be a challenger in the beauty industry. We aim to relentlessly pursue superior products and solutions, build brands that inspire and facilitate consumers to celebrate and liberate their own individual beauty.”
Bart Becht, Chairman of Coty’s Board of Directors, said, “Coty is now better positioned as we aim to become, over time, a global industry leader by being a clear challenger in beauty, delighting our consumers and creating long term shareholder value. I am confident that we now have a much improved team, structure and culture to make the vision of this merger a reality. I look forward to continuing to work with the new leadership team in my role as Chairman to drive Coty to in-market success and profitable growth.”