Coty Takes Bold Step: Divests Stake in Kim Kardashian's Beauty Empire

In a surprising move that has sent ripples through the beauty industry, Coty Inc. announced its decision to divest its stake in SKKN BY KIM, the beauty brand founded by reality TV star Kim Kardashian. This strategic shift arrives as Coty continues to refocus its portfolio and sharpen its competitive edge in the rapidly evolving cosmetics market.

Continue reading

Coty Reports Slowdown in Price Hikes Amidst Changing Economic Climate

Coty Inc., a leading player in the global fragrance industry, has revealed that the pace of its price increases is beginning to decelerate. This revelation comes as consumers navigate the ongoing challenges of inflation and changing spending habits. The beauty company acknowledged that while it has implemented price increases to combat rising costs, the current economic environment makes further hikes more complicated.

Continue reading