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Coty (COTY) has completed the sale of a majority stake in its Professional and Retail Hair business – including the Wella, Clairol, OPI and ghd brands to KKR for ~$2.5B after retaining a 40% stake in the business.Coty expects to utilize ~$2B of the net proceeds to pay down its Term Loa...
Coty receives $2.5bn in cash and retains 40% stake in Wella Coty’s financial net debt to be reduced from $7.9bn to approx. $5.0bn by end of Q2 2021; economic net debt to fall below $4.0bn Transaction completion follows Coty’s return to profit in Q1 2021 ...
Insider buying increased last week with insiders purchasing $84.63 million of stock. Notable Insider Buys: Coty Inc., Danaher Corporation, Urban One, Inc., Alaska Communications Systems Group, Inc., and CASI Pharmaceuticals, Inc. Notable Insider Sells: Berkeley Lights, Inc., Faceb...
Coty ([[COTY]], +7%) board members Johannes Huth and Robert Singer snapped up about $6.3M in stock last week.Shares have more than doubled in the past month, riding a rally of more than 150% in November.Huth bought 1M shares and Singer bought 15K at prices between $5.80 to $6.20.Sha...
3 Top Retail Stocks To Watch Next Week Most top retail stocks have had a rough year. Especially those who are in the business of cosmetics, fashion, and apparel. When the pandemic struck, many retail stores were forced to close on lockdown orders. Unfortunately, this caused many...
Shares of Coty (NYSE: COTY) were gaining today after the cosmetics company got an upgrade from Citigroup this morning, the latest sign of momentum building in the company's turnaround efforts. As of 11:29 a.m. EDT, the stock was up 12.4%. Image source: Coty. Contin...
Citi lifts Coty (COTY) to a Buy rating after having the retail stock set at Neutral. The firm assigns a price target of $10, which it sees as a reasonable 2.8X multiple on last year's level of Coty sales.Coty's price-to-sales chart for reference. Shares of Coty are up 11.14% in premarket...
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The effects of new management and fixed cost reductions are starting to show. The sale of Wella significantly deleverages the balance sheet. Stakes in Kylie Cosmetics and KKW Beauty provide significant exposure to Gen Z. E-commerce momentum with percentage of total sales growi...
Coty ([[COTY]], +7%), enjoying the outsize cyclical gains today, says Executive Chairman Peter Harf is selling about $150M worth of shares to KKR.Harf will sell 146,057 shares or Series B convertible preferred stock at $1,027/share to KKR Rainbow Aggregator, according to an SEC filing.Th...
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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...