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2023-07-20 11:38:24 ET The Estée Lauder Companies ( NYSE: EL ) can’t catch a break. In the latest hit to the company, Barclays downgraded shares to Equal Weight from Overweight and dropped its price target to $193 from $210. The average Wall Street analyst price targ...
Coty Inc. (NYSE: COTY) (“Coty”), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, today announced the pricing of $750 million of 6.625% senior secured notes due 2030 (the “Notes...
2023-07-19 13:29:26 ET Oddity Tech ( NASDAQ: ODD ) opened up nearly 40% after its initial public offering priced at $35. The price range had been set between $32 to $34. Shares are trading around $49. The company sold 12.1 million shares for a valuation of nearly $2B, raisin...
2023-07-19 12:53:55 ET Oddity Tech, an AI beauty company, is set to start trading after pricing at $35, above the range of $32 to $34. The company sold 12.1 million shares for a valuation of nearly $2B, raising $424 million. Private equity firm L Catterton is a shareholder and is al...
2023-07-19 10:40:43 ET Kim Kardashian’s Skims raised $270M in a new funding round that values it at $4B, the New York Times reported. That compares to a $3.2 billion valuation investors gave the startup last year. Skims, which started as a shapewear company to help people fit...
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®...
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Coty Inc. (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies, announced that its company executives will present at upcoming investor events. Wednesday, June 5: Deutsche Bank Global Consumer Conference – Sue Nabi, Chief Executive Officer and Laurent Me...