Finance

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Maersk completes first Red Sea voyage in nearly two years

Danish shipping company Maersk announced on Friday that one of its vessels successfully navigated the Red Sea and Bab el-Mandeb Strait for the first time in nearly two years, though it currently has no plans to fully reopen the route

Coty cashes out of Wella in $750 million deal with KKR

Beauty company Coty said on Friday it sold its remaining 25.8% stake in hair care brand Wella to KKR for $750 million, while retaining rights to a share of any future sale or initial public offering proceeds