Coty is ready to add Younique to its portfolio

A family business

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Derek Maxfield and Melanie Huscroft (source: Younique.com)

In 2012, Derek Maxfield and Melanie Huscroft founded Younique, a privately owned makeup and cosmetics direct sales company. Younique market and sell almost exclusively through the use of social media. They believe in the strength and influence of women in the world today. Their mission is to empower, validate and uplift women all across teh world.They believe in the strength and influence of women in the world today.

Ready to join Coty

According to Reuters, Coty is already thinking about its next move. Right after its merger last year, Coty intends to buy 60% stake in Younique LLC for  600 millions dollars. According to Coty Younique 2016 sales revenue should be 400 millions dollars. This is a quite promising addition to Coty’s portfolio.

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