Coty Misses Estimates as Sales Plunge 62%
“The coronavirus-induced closure of stores and parlors hammered demand for [Coty’s] beauty products” in the fourth quarter.
KKR Makes $750 Million Beauty Bet on Coty
The investment is the first step toward a broader deal under which KKR would acquire 60% of Coty's professional beauty and hair care business.
Coty Makes $600M Beauty Bet on Kylie Jenner
The ailing beauty company is buying a majority stake in startup Kylie Cosmetics as it seeks to appeal to a younger demographic.
Coty Explores Sale of Professional Beauty Business
The possible sale would deleverage Coty’s balance sheet and “improve [its] ability to invest in areas with the greatest growth potential.”
Coty Outlines Restructuring Plan
After a difficult stretch, the cosmetics maker will overhaul its operations and take a $3 billion write-down.
CFOs on the Move: Week Ending Aug. 24
United Airlines, Hertz, Uber, Lowe's, Coty, 99 Cents Only Stores, Superior Group, IAP Worldwide, Dorman Products, Parexel
Coty to Buy Online Seller Younique for $600M
The deal opens up a new beauty products distribution channel for Coty as it seeks to reduce its dependence on fragrances.
P&G Sells Beleaguered Beauty Brands
Procter & Gamble washes its hands of its salon professional, retail hair color, cosmetics, and fine fragrances lines of business.