Coty will use the proceeds to advance its debt reduction strategy and invest in innovations. ... Kardashian closed KKW Beauty, which was followed by the closure of KKW Fragrance in April 2022.

We plan to maintain our $11.40 and EUR 10.40 per share fair value estimates for no-moat Coty after digesting its third-quarter results. Organic sales and adjusted operating profits rose 10% and 17 ...

Coty's prestige business continued to be buoyed by the fragrance effect, but its mass offering saw a drop in sales on the back of pharmacy chains closing hundreds of stores in the U.S. Coty's net ...