Coty is weighing the sale of the unit, which owns brands including Wella, as part of the CEO’s plan to turn around the wider business by boosting margins and reducing leverage.
The apparel and footwear company’s filing with the Securities and Exchange Commission on Feb. 14 reports it plans to raise $100 million in common stock.
Bosch has consolidated its activities centered on the internet of things in a new subsidiary, containing more than 900 employees focused on retail, manufacturing and consumer goods, among other sectors.
The new role will have oversight over the company's digital transformation efforts and building new capabilities to advance innovation and speed to market.