Similar Stories to Beauty Brand Coty Sees Shares Tumble After ‘forbes’ Report Questions Kylie Jenner’s Wealth on Bing News

(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:
  • Coty posts Q3 revenue beat, aims for upper end of 2024 targets on strong demand
    Shares of the company were up about ... force customers to rethink luxury purchases. Coty's third-quarter e-commerce revenue growth was nearly 20%, helped by new launches such as Cosmic Kylie Jenner ...
    05/6/2024 - 9:53 am | View Link
  • Reese Witherspoon’s daughter shares her mother’s holy grail beauty tip
    The sibling duo are Witherspoon’s two eldest children with whom she shares with ex-husband Ryan Phillippe. She also shares son Tennessee, 11, with ex-husband Jim Toth. The Oscar winner announced ...
    04/21/2024 - 1:00 pm | 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