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9 Articles
The beauty company Coty is causing a stir in the business world by looking for buyers for a planned two-part sale. According to WWD’s original report, Coty plans to get rid of its luxury segment, which includes well-known brands such as Hugo Boss, Gucci and Burberry, as well as its consumer division covering CoverGirl and Max Factor. This strategic movement has captured the attention of many within the industry.The market response to Coty’s plan…
Coty stock eases after spike prompted by WWD report of potential sale
According to WWD, Coty is in the early stages of seeking buyers for its luxury and consumer divisions with Interparfums showing interest, particularly for the Burberry and Hugo Boss brands Coty’s share price eased -2.18% yesterday (17 June) to US$4.94 after a sharp spike on Monday (16 June) following a WWD report that the group is seeking buyers for its luxury and consumer beauty businesses. Coty stock jumped +7% in afternoon trading on the New …
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