Coty cuts forecast, delays investor day as economic uncertainty hits US market

By Reuters Published May 7, 2025 CoverGirl-parent Coty cut fiscal 2025 profit forecast on Tuesday and postponed its investor day by at least a few months due to macroeconomic and tariff uncertainty, sending its shares down about 3% in extended trading. CoverGirl U.S. President Donald Trump‘s erratic trade policies have fueled fears of an imminent […]

Read More
by Admin

Coty sells its stake in Kim Kardashian’s beauty brand to Skims

By Reuters Published March 23, 2025 CoverGirl parent Coty said on Friday it would sell its 20% stake in reality TV star Kim Kardashian‘s beauty brand to her clothing line, Skims, consolidating the two businesses under a single brand. Kim Kardashian Coty, which acquired a stake in Kardashian’s beauty business, Skkn, in 2021, said it […]

Read More
by Admin

Coty’s premium fragrances, cosmetics launches drive quarterly revenue beat

By Reuters API Published Feb 8, 2024 Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S. during the holiday season. DR The company’s newer products such as Burberry Goddess and CoverGirl Clean […]

Read More
by Admin

You May Missed