COTY News and Press, Coty Inc. Class A From 07/19/23

2023-07-19 07:40:35 ET Beauty company Coty ( NYSE: COTY ) said on Wednesday that it intends to launch a $600M senior secured notes offering. The interest rates and other key terms related to the offering will be determined at the time of pricing. The net proceeds are inten...

2023-07-18 10:53:58 ET The Estée Lauder Companies Inc. ( NYSE: EL ) slid 1.7% on Tuesday after Goldman Sachs said China beauty sales are falling short. “Results from China Tourism Group Duty Free and takeaways from an expert call held by one of our colleagues bot...

2023-07-18 09:41:40 ET Coty ( NYSE: COTY ) slipped 0.3% on Tuesday morning after agreeing to sell part of its stake in hair coloring brand Wella to IGF Wealth Management for $150M . COTY will sell a 3.6% stake in Wella reflecting a 4% premium to the book value of the hai...

Coty Expects to Sell 3.6% Stake in Wella to IGF Wealth Management, Cash Proceeds of Proposed Transaction will be used to Pay Down Debt Coty Remains on Track to Drive Leverage Towards 3x Exiting CY23 Coty Committed to Divest Remaining 22.3% Stake by CY25 Coty Inc. (NYSE: COTY...

Sally Hansen ® is bringing a whole new level of adorable to your next manicure with the new limited-edition Sally Hansen x Sesame Street ® Collection . This special collection, available in multiple territories, features 10 irresistible Sally Hansen Insta-Dri®...

Coty Inc. (NYSE: COTY) (“Coty” or “the Company”), announced today that it has successfully completed the refinancing of its existing $2.0 billion revolving credit facility (the “Revolving Credit Facility”). The over-subscribed refinancing extends maturity...

2023-07-12 15:07:55 ET Kim Kardashian is fundraising for her Skims brand ahead of a possible initial public offering, setting the value of the business at nearly $4B, WWD reported citing people familiar. The round has not closed yet. Skims raised $240 million in a Series B fundraising r...

2023-07-12 12:52:08 ET Coty ( NYSE: COTY ) dropped 2.5% on Wednesday after reports Kim Kardashian wants to repurchase its stake in her beauty brand SKKN. Jefferies, however, sees the move as a possible positive for Coty ( COTY ). The beauty company bought 20% of KKW Beau...

2023-07-12 04:48:03 ET Summary Coty has raised its Q4 revenue growth forecast to 12-15%, up from 10%, attributing the increase to momentum in the Prestige category and recovery in China. The company aims to double its sales in China to over $600 million in the next few years and i...

2023-07-11 17:01:54 ET Coty ( NYSE: COTY ) rose 4% in late trading after a report that Kim Kardashian is in talks to buy back the minority stake of her beauty company that she sold to the company. Coty ( COTY ) bought a 20% stake in KKW Holdings, now known as SKKN BY KIM...