Refer to the input text as context and select the correct relationship between 'Wella' and 'Coty' from the available options.
Options: owned by, developer, distributed by, parent organization

Looking at fiscal '20, Total Coty adjusted operating income stands at $151 million, or 2.4% of net revenue, Wella stood at $271 million and Ongoing Coty at negative $110 million adjusted operating income with an EBITDA of productive $226 million.
owned by