Utilize the input text as a context reference, choose the right relationship between Wella and Coty from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

In terms of numbers, Coty adjusted operating income in fiscal '19 on the left was $950 million, 11% margin, Wella profit ex central cost was $459 million or after including the estimate GSA cost $407 million and as a result Ongoing Coty operating income was $543 million or 8.7% operating margin and ongoing Coty EBITDA as $875 million.

Answer: owned_by