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31 Aug

Coty’s Stock Holds Regular Amid Reports Kylie Jenner Wants

by Beautifaire101
Beauty, Featured
Coty’s Stock Holds Regular Amid Reports Kylie Jenner Wants
Investors appeared unmoved by news that Kylie Jenner is reportedly following in her sister’s footsteps and looking out to purchase back her beauty business from Coty. The wonder company’s stock was up 0.9 percent at $11.66 in midmorning trading Thursday after Bloomberg reported that the truth star turned beauty mogul was trying to buy back the 51 percent stake of Kylie Cosmetics that Coty Inc. paid $600 million for in 2020 amid reported frustration over the way it has managed the brand. Representatives for Coty and Jenner didn't immediately reply to requests for comment. The news comes just weeks after it was reported that Kim Kardashian was also in talks to regain total ownership of her beauty business from Coty. Coty acquired a 20 percent...
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21 May

Coty’s Sue Nabi on the Way forward for Beauty

by Beautifaire101
Beauty, Featured
Coty’s Sue Nabi on the Way forward for Beauty
Sue Y. Nabi, Coty Inc. chief executive officer, has a singular vision for the sweetness industry. “As an alternative of redefining beauty, possibly a very good solution to create the fantastic thing about today, of tomorrow, is to ‘undefine’ the notion of beauty,” she said. “What constitutes beautiful? An everlasting query, the reply for which has built and fueled our industry over time,” Nabi said in a video played. “It is that this standpoint on beauty that can grow Coty aside from the remaining. “We consider that today nobody can control or dictate what's or will not be beautiful,” she continued. “Beauty becomes formless, like water — a continually evolving and adapting concept. We'd like to undefine the notion of beauty. It’s not...
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7 Jan

Lubomira Rochet Joins Coty’s Board – WWD

by Beauty Tips
Fashion, Featured
Lubomira Rochet Joins Coty’s Board – WWD
After joining Coty’s biggest shareholder as a partner last yr, former L’Oréal tech guru Lubomira Rochet has been appointed to the beauty company’s board of directors. The move increases female representation on Coty’s board to 50 percent and the whole variety of directors to 12, in line with the corporate. Rochet, a partner at JAB Holding Company, whose investments include Bally in addition to Coty, is not any stranger to the beauty business. She previously served as chief digital officer and a member of the manager committee at L’Oréal for seven years until 2021, when she joined JAB. During her tenure at L’Oréal, she led its marketing and business pivot to a digital-first company, scaling e-commerce to 27 percent of the group’s...
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22 Sep

Coty’s Plans to Double Skin Care Sales Includes Kylie

by Beautifaire101
Beauty, Featured
Coty’s Plans to Double Skin Care Sales Includes Kylie
With the assistance of Kim Kardashian and Kylie Jenner, Coty Inc. has big plans for its skincare category, which hasn’t at all times been a priority for the wonder giant, in response to chief executive officer Sue Nabi. “Prior leadership teams weren't accustomed to skincare,” Nabi told investors at an event Wednesday at Coty’s Monaco skincare R&D and manufacturing facility. “They didn't have the appropriate tools to evaluate the strength of Coty’s IP in skincare, nor did they've the playbook to win on this very competitive category.” But now, Nabi, a former skincare executive at ultra luxe Orveda, which she cofounded, believes the appropriate team is in place to deal with growing the category. Nabi is so confident in actual fact, that...
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