Thank you to Tania and Marcello for forwarding the news that Coty has purchased Unilever's fragrance business, which will be folded into Coty's Lancaster Group Worldwide. Included in the deal are Unilever fragrance brands Calvin Klein, Cerruti, Vera Wang, Chloe, and Lagerfeld.

Coty's existing brands include Davidoff, Celine Dion, Jennifer Lopez, Kenneth Cole, Marc Jacobs, Jovan, Vivienne Westwood, Nautica, Joop, and The Healing Garden, among others, and new fragrances are coming soon from Sarah Jessica Parker and David Beckham. The purchase price was $800 million. Read more about it in The Financial Times or The Los Angeles Times (link no longer working).