Coty Inc. (NYSE: COTY), one of the world’s largest beauty conglomerates, has seen its shares plunge to a 52-week low amidst growing concerns over a slowdown in the global beauty market. The company, renowned for its diverse portfolio of beauty and cosmetic brands, has faced a decline in its stock price to $8.78, the lowest […]
US beauty company Coty has agreed to acquire a 20% stake in American celebrity Kim Kardashian West’s beauty business for $200 million. Coty and Kardashian West will focus on foraying into new beauty categories and global expansion beyond her present beauty product lines. Kardashian West and her team will head all creative efforts in terms […]
US beauty company Coty has agreed to acquire a 51% stake in Kylie Cosmetics and Kylie Skin, the makeup and skincare businesses of American celebrity Kylie Jenner for $600 million. The transaction is part of a long-term strategic partnership between Coty and Kylie Jenner with an objective to build and further develop the latter’s beauty […]
Coty, a US beauty conglomerate, has announced plans to divest its professional beauty business and associated hair brands, as well as its Brazilian operations as part of its ongoing transformation. The potential divestiture is expected to help Coty focus more on its fragrance, cosmetics and skin care businesses. Aligned with Coty’s previously announced turnaround plan, […]