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Coty is one of the world's largest beauty companies and the largest fragrance company, [4] [5] with $5.3 billion in revenue for the fiscal year 2022. [6] Coty acquired 41 beauty brands from Procter & Gamble in 2016, [7] becoming the global leader in fragrance, the second largest company for hair color and styling products, [8] and the third largest company for color cosmetics. [9]
Coty’s second-quarter adjusted EPS of $0.22, excluding a -$0.11 loss from the mark-to-market of equity swap changes during the quarter, matched the analyst’s forecast and was a penny above ...
Coty's quarterly net revenue fell 3.34% to $1.67 billion, its first drop in eight quarters, missed analyst estimates of $1.72 billion, according to data compiled by LSEG.
Owned by Germany's Reimann family, [30] 90% of JAB belongs to four of the nine adopted children of the late Albert Reimann Jr. (1898–1984). [31] They trace their wealth to chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser (founder of the namesake chemical company).
In June 2013, Rhône along with Berkshire Partners and the Reimann family launched Coty, Inc. (COTY) into an IPO on the New York Stock Exchange raising over $1 billion [65] valuing the company at around $6.7 billion. [66] In 2012, Coty bid $10.7 billion for Avon Products Inc, however due to a delayed response the offer was withdrawn. [67]
In 2021, Coty acquired a 20% stake in Kim Kardashian’s KKW Beauty (now called SKKN), two years after it took a 51% stake in sister Kylie Jenner’s brand. Both women are now reportedly seeking ...
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S&P MidCap 400 constituent Crane Holdings Co. (NYSE:CR) spun off new Crane. Following the spin-off, the parent Crane Holdings Co. will have a name change to Crane NXT Co., a symbol change to CXT, and will remain in the S&P MidCap 400. [45] March 22, 2023: EXPO: Exponent: IAA: IAA, Inc. Ritchie Bros. Auctioneers acquired IAA. [46] March 20, 2023 ...