Kylie Jenner Contemplates Regaining Control of Her Cosmetics Line Amid Coty Disappointment
Portfolio Pulse from Anusuya Lahiri
Kylie Jenner is considering buying back her 51% stake in Kylie Cosmetics from Coty Inc (COTY) due to dissatisfaction with the company's management of the brand. Kim Kardashian is also contemplating redeeming her 20% stake in her skincare line, SKKN by Kim, which Coty agreed to buy. Coty's stock is up 32% YTD, and the company reported a 16% YoY sales growth in Q4 FY23.
August 31, 2023 | 2:46 pm
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Kylie Jenner and Kim Kardashian's potential buyback of their stakes in their respective cosmetic lines could impact Coty's future growth and brand management strategies.
The potential buyback of stakes by Kylie Jenner and Kim Kardashian could affect Coty's future growth and brand management strategies. This could lead to a negative impact on the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Macy's Inc was mentioned as a contributing factor to the growth of Kylie Cosmetics, a brand owned by Coty Inc.
Macy's Inc was mentioned as a contributing factor to the growth of Kylie Cosmetics. However, the news does not provide enough information to determine the potential impact on Macy's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50