Coty agrees to buy P&G beauty brands for $12.5 billion

The deal includes P&G's Salon Professional, Retail Hair Color, Cosmetics and Fine Fragrance businesses and some hair styling brands

Procter & Gamble Co is selling its beauty business to Coty Inc in a deal that values the business at $12.5 billion.

The deal includes P&G's Salon Professional, Retail Hair Color, Cosmetics and Fine Fragrance businesses and some hair styling brands.