(Bloomberg) — Coty Inc. tumbled Friday after Forbes reported that Kylie Jenner allegedly provided the magazine with misleading financial information about her cosmetics brand. Shares of Coty, which acquired a majority stake in Kylie Cosmetics last year, dropped 13% to close at $3.63, extending its 2020 decline to 68%. The news report raises questions about one of Coty’s most visible brands as it seeks to overcome stagnating sales, changing consumer tastes and retail challenges caused by the coronavirus pandemic.

BING NEWS:
  • Serena Williams Enters the Makeup Game with Wyn Beauty and Shares Her MVPs for a 5-Minute Face (Exclusive)
    introduces her brand Wyn Beauty (pronounced “win”) with 10 products created with active lifestyles in mind. The collection, she says is a reflection of the needs she sees in the makeup space. “ ...
    04/3/2024 - 10:00 am | View Link
  • Best Beauty Salon Loans Of 2024
    You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge ...
    04/2/2024 - 3:13 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Entertainment News