Coty is having a big year but Kylie Jenner and Kim Kardashian want their brands back

Kylie Jenner reportedly had an illicit affair with Coty (NYSE: COTY) to buy back 51% Bloomberg in Kylie Cosmetics she sold the beauty company for $600M in 2020.

Sources told Bloomberg that the development is a further indication of relationship between Coty (COTY) and the Kardashian family in general has become more strict. Half-sister Kim Kardashian is still dating Coty (COTY) will buy back a 20% stake in its SKKN from Kim skin care products that will also come from Coty in 2020. Kylie Jenner and Kim Kardashian are said to be unhappy with the management of their brands.

During Coty’s FQ4 earnings call (transcript), executives said Kylie Cosmetics eye makeup grew by a strong double-digit percentage globally for both quarters and the full year. finance, supported by expansion and innovation.

In early trading on Thursday, Coty (COTY) presented a 0.45% up. Shares of Coty (COTY) have ripped a 32% year-to-date advance as the company has shown strong product growth and strengthened its balance sheet. Find the Alpha Quant Rating of COTY is still flashing Buy, with strong scores for strength and growth standing out.