From my Australian OPI PR rep today:
COTY ACQUIRES OPI PRODUCTS INC.
Coty Inc., a leading global beauty company, today announced that they have entered into an agreement to acquire OPI Products Inc, the world’s leading nail care brand in the professional market.
Established in 1981, OPI Products Inc., the world’s leading nail care brand in the professional market, will continue to revolutionalise the beauty industry by creating fashion forward lacquers and leading-edge innovative treatment products, under the leadership of OPI President and CEO George Schaeffer and Executive VP and Artistic Director Suzi Weiss-Fischmann.
In Australia, the management team will remain the same, with International Beauty Supplies, continuing to provide excellence in service, distribution, marketing and promotion of the brand.
There ya go!