Cultivate Ventures was launched as a new platform to incubate small acquisitions until they reach the scale of its core concepts, focusing on health and wellness.
Its a "good hair day" for Coty, thanks to its latest company acquisition of a strong innovation pipeline, cutting-edge technology and technical expertise.
Even though there is an element of surprise to the announcement, some observers say it makes sense, and see the Lorillard acquisition by Reynolds as a logical trigger.
The Canadian wine business of Constellation Brands is the market leader in Canada with approximately three times the market share of its closest competitor and 7 of the top 20 wine brands.
