Financial details of the transaction have not been made public.
Stanley Reynolds, currently president of 7‑Eleven, and Douglas Rosencrans, executive vice president and COO, will take on the positions of interim co‑CEOs.
The move completes the divestment plan the beauty group, and Coty will receive an upfront cash payment of $750m.
Group adjusted profit before tax increased 144% YoY to £22m while free cash flow rose 68% to £84m.
