#coty inc

e.l.f Beauty products.  Courtesy: e.l.f Beauty E.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked by 77% but the retailer’s shares fell as it said it expects its growth to slow. The eyes, lip, face company, known for its viral marketing and prowess in winning over younger consumers issued guidance that came in lower than analysts had forecast. Here’s how…

As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it’s bucking the trend.  Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance.  Here’s how the beauty retailer behind the Il Makiage and Spoiled Child brands performed…

The chief executive of Coty — the company that owns Kylie Jenner’s Kylie Cosmetics as well as a 20% stake in her big sister Kim Kardashian’s KKW brand — blasted dictionary publishers for describing the word ‘beauty’ in ageist and sexist terms. “She was a great beauty in her youth” is a phrase often used in dictionaries to illustrate the word, while “I was struck by her beauty” is another, CEO Sue…

Coty posts bigger-than-expected loss as lockdown dents beauty business

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Cosmetics maker Coty on Thursday posted a bigger-than-expected quarterly loss and a 56 percent slump in sales, as the coronavirus-induced closure of stores and parlors hammered demand for its beauty products.

Cosmetics makers are battling the closure of other channels of sales, including duty-free shops at airports, and also contending with work-from-home customers focusing on hygiene…

Coty changes CEO again, hires former L’Oreal executive

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Coty on Thursday named former L’Oreal executive Sue Nabi as chief executive officer, the cosmetics maker’s fifth since its multibillion-dollar deal with Procter & Gamble nearly five years ago.

The company’s shares, which have lost more than 60 percent this year, rose about 5 percent in early trading, although they were up only 1.1 percent shortly after noon.

Nabi will take over from Peter…