Coty seeking buyers for its businesses, WWD reports

Multiple sources have told WWD that Coty (COTY) may be seeking buyers for its businesses, the website’s Jennifer Weil and Kathryn Hopkins report. Coty is looking for buyers, “but it would not be a one-and-done deal,” WWD reports, citing multiple industry sources. The talks are in the very early stages, sources told the website. Shares of Coty are up 10%, or 48c, to $5.22 in midday trading following the report.