Coty Said to Be Near Deal for Nail-Polish Maker OPI

Coty Inc., the seller of perfumes by Sarah Jessica Parker and Vera Wang, is close to a deal to buy nail-care company OPI Products Inc. for as much as $1 billion, said two people with knowledge of the situation.

The two closely held companies are in exclusive talks and may reach an agreement as soon as this week, said the people, who asked not to be identified because the matter is private. OPI may sell for $900 million to $1 billion, one person said. A deal could still fall through in the final stages, or another company could make a bid.