Steady Tag

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...