• Coty posts surprise profit as demand for beauty products recovers

    Coty posts surprise profit as demand for beauty products recovers

    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
  • Coty posts bigger-than-expected loss as lockdown dents beauty business

    Coty posts bigger-than-expected loss as lockdown dents beauty business

    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 …
  • Kim Kardashian West has agreed to sell a 20% stake in her make-up business KKW Beauty for $200m

    Kim Kardashian West has agreed to sell a 20% stake in her make-up business KKW Beauty for $200m

    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 …
  • Coty names Simona Cattaneo head of Kylie Cosmetics

    Coty names Simona Cattaneo head of Kylie Cosmetics

    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’ …
  • Kim Kardashian is in talks with Coty about a new cosmetics line

    Kim Kardashian is in talks with Coty about a new cosmetics line

    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 …
  • Coty shakes off Kylie Jenner problem, surges 20 percent after KKR buys stake

    Coty shakes off Kylie Jenner problem, surges 20 percent after KKR buys stake

    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 …
  • Coty stock dives on report Kylie Jenner fabricated taxes

    Coty stock dives on report Kylie Jenner fabricated taxes

    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 …