Coty is a French-American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets and distributes fragrances, cosmetics, skincare, nailcare, and both professional and retail haircare products.
In November 2019, Coty announced to purchase a $600 million stake (51%) in Kylie Cosmetics, the company of media personality and model Kylie Jenner. In June 2020, the company announced that it would buy a 20% stake for $200 million in KKW, a company owned by Jenner's sister Kim Kardashian West.
On December 1, 2020, Coty completed sale of Wella, Clairol, OPI and GHS brands stake to KKR for $2.5 billion in cash whilst retaining 40% stake in the standalone company.
For more news about Coty, see our related stories below company information.
Coty looking to reinvest in skincare initiatives as business raises FY23 sales outlook
Coty to sell partial stake in Wella to KKR for half of its convertible preferred shares
Coty to launch touch-less fragrance testing to elevate in-store experiences
Andrew Stanleick appointed CEO of Kylie Jenner Beauty Brands ahead of global expansion
