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.
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