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All employees were offered relocation opportunities to Englewood Cliffs, New Jersey; 45 workers accepted that offer, with the remaining 90 to be permanently laid off.
Citing anonymous sources, Reuters is reporting that Coty -- whose other lines include Max Factor, Wella, and GHD -- is expected to kick off an auction process in December to find a new owner for certain of its professional hair and nail care brands.
“We’re very encouraged by the growth of this kind of concept," says Robert Miller, senior managing director at leasing agent Colliers International.
Graphic design company Newbury Rain is relocating from its space at 35 Nutmeg Drive in Trumbull, where it was also the first tenant.
"The tone of the town has changed" for the better since Vicki Tesoro took office in December, according to Aquarion Water Co. executive Bruce Silverstone.
Though financial terms of the deal were not disclosed, several reports said it was in the $1 billion range.