Initial public offerings have taken centre stage, with family-controlled Coty reportedly planning to delay its IPO in New York, while the Al Habtoor Group is hoping to list next year.
According to media reports, fragrance business Coty, which is controlled by the German Reimann family through the holding company Joh A Benckiser, will postpone its planned $700 million (€544 million) listing until next year.
It comes amid a sluggish IPO market and just weeks after Michele Scannavini, a Coty executive, was named chief executive.