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Coty posted a surprise quarterly profit on Friday as demand for its beauty products and fragrances recovered from lockdown lows and the cosmetics maker kept a tight lid on costs, sending its shares 17
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Cosmetics maker Coty on Thursday posted a bigger-than-expected quarterly loss and a 56 percent slump in sales, as the coronavirus-induced closure of stores and parlors hammered demand for its beauty products. Cosmetics makers are battling the closure of other channels of sales, including duty-free shops at airports, and also contending with work-from-home customers focusing on …
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The sale to Max Factor and Rimmel maker Coty values the reality TV star’s company at $1bn. It comes after Coty bought a 51% stake in her half-sister Kylie Jenner’s cosmetics business in January – a transaction which valued that business at $1.2bn. Kardashian West, star of the long-running TV show Keeping Up with the …
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Coty has tapped a new head of Kylie Cosmetics in the wake of explosive allegations that the unit’s 22-year-old founder, Kylie Jenner, has been lying about her sales in a desperate attempt to be named a billionaire. The parent of CoverGirl and OPI brands this week named Coty insider Simona Cattaneo to oversee Kylie Cosmetics’ …
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Coty can’t get enough of the Kardashian-Jenner clan. The New York cosmetics giant is in talks with Kim Kardashian West to collaborate on “certain beauty products,” the company revealed in a securities filing on Tuesday. Coty already has a 51-percent stake in Kardashian’s younger sister, Kylie Jenner’s beauty company, Kylie Cosmetics, for which it shelled …
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That was one quick makeover. After getting dinged last week for its ties to Kylie Jenner, beauty products seller Coty announced a $1 billion investment and a management shakeup — sending the stock up 20 percent, to $4.36, in early-afternoon trading. Coty on Monday said buyout firm KKR will be acquiring a 60 percent stake …
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Kylie Jenner is no billionaire — and that’s bad news for Coty, the beauty company that bought a controlling stake in her makeup business last year. Shares of Coty tanked 13 percent on Friday after Forbes revoked Jenner’s status as the world’s youngest self-made billionaire and questioned whether the pouty-lipped Kardashian-clan member has been forging …