2020, Coty completed sale of Wella, Clairol, OPI and ghd brands stake to KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. On October 1, 2021, Coty announced that it would sell an approximate 9% stake in Wella to KKR for $426.5 million. The deal cuts Coty's stake in Wella, Clairol, OPI and ghd brands to around 30.6%. Environmental practices and social causes Coty and its brands say they are committed to a range of social causes as well as seeking to minimize its environmental impact. The company has entered into a long-term partnership with the international advocacy group Global Citizen to tackle prejudice and discrimination based on gender, sexual orientation, disability, or ethnicity, and to promote self-expression. Coty has also joined other beauty companies to launch the Responsible Beauty Initiative to encourage sustainability within the industry. Coty has signed the United Nations Global Compact, a UN initiative to encourage businesses to adopt sustainable and socially responsible policies. Rankings Coty ranked number 371 on the Fortune 500, Fortune magazine's annual list of the largest U.S. corporations by total revenue, in 2018. The company ranked number 5 on Women's Wear Daily 2017 "Top 100" list of the world's largest beauty manufacturers, estimating $9.15 billion in sales. According to Advertising Age, Coty was one of the largest global advertisers in 2017. In 2018, Coty ranked number 1,196 on the Forbes Global 2000, an annual ranking of the top 2,000 public companies in the world. Additionally, Coty ranked number 396 on Forbess 2018 list of "America's Largest Public Companies". See also Companies listed on the New York Stock Exchange (C) List of organizations with official stances on the SOPA and PIPA References External links 1904 establishments in France 2013 initial public offerings Chemical companies established in 1904 Companies listed on the New York Stock Exchange Cosmetics companies of France Cosmetics companies of the United States History of cosmetics Manufacturing companies based in New York City Perfume houses Personal care brands