Coty faces triple investigation into securities violations after Kylie Jenner 'outed' by Forbes

2-Jun-2020
Regulatory Colour Cosmetics Finance

The consumer giant is the subject of three investigations by various law firms over possible violations of federal securities laws

You need to be a subscriber to read this article.
Click here to find out more.

Coty is under investigation by three law firms regarding possible violations of federal securities laws.

The beauty conglomerate faces probes by The Schall Law Firm, Federman & Sherwood and Rosen Law Firm on behalf of shareholders, after Forbes Magazine reported on 29 May that Kylie Jenner had provided misleading financial data to the publication regarding the value of her cosmetics brand.

In particular, the investigations will look into

Not yet a Subscriber?

This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.

Subscribe now Already a subscriber? Sign in here.

You may also like

Finance

Coty fragrance sales drive double-digit sales boom in Q1 2024

Read more
The Covergirl owner’s performance was bolstered by a rise in prestige beauty sales, with particularly strong demand for its recently launched Goddess EDP

Trending Articles

  1. MAC and Sol de Janeiro 2023’s most searched for beauty brands Lookfantastic has named the beauty brands and products consumers could not get enough of this year in its 2023 Beauty Trends Report
  2. Nivea owner Beiersdorf sales top €2.5 billion in Q1 2023 La Prairie’s performance lagged during the quarter despite the overall sales increase, with sales down 12% compared with last year
  3. Beiersdorf develops sunscreen for girl with rare genetic light disorder The Nivea brand owner used light-scattering pigments to create the bespoke formulation
  4. THG urged to affirm break-up plans by activist shareholder Kelso Kelso Group has reportedly written to THG’s board, requesting the company’s proposals for a potential demerger of its three business divisions
  5. Indu skincare

Upcoming event

CB Roundtables: Skin care trends for 2024

12 December 2023 | Virtual free webinar See all

You may also like

Finance

Coty fragrance sales drive double-digit sales boom in Q1 2024

The Covergirl owner’s performance was bolstered by a rise in prestige beauty sales, with particularly strong demand for its recently launched Goddess EDP
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Exclusive: Rimmel London ups inclusive beauty messaging with Creator Crew launch

The group of global beauty influencers are said to assist Rimmel London in creating more inclusive and accessible make-up products and campaigns
Finance

Coty officially listed on Paris Stock Exchange

The Rimmel owner confirmed earlier this year that it was exploring a dual listing to strengthen its European presence
Fragrance

Coty raises sales outlook following record Burberry Goddess launch

The beauty brand owner has highlighted its prestige fragrance division for its sales outlook increase
You need to be a subscriber to read this article.
Click here to find out more.
Body Care

Business advice: How to land a lucrative beauty licensing deal

With Coty resigning beauty deals with Adidas and Marc Jacobs, law firm Freeths outlines how to navigate the intricate landscape of licensing
Body Care

Coty shares slide as 2023 results fall below expectations

It comes after the beauty goliath penned a deal to take on and revive Marc Jacobs previously shuttered cosmetics division
Colour Cosmetics

Marc Jacobs Beauty to return under Coty

Marc Jacobs Beauty was originally launched in 2013 through a deal with brand incubator Kendo, and discontinued in 2021 for unexplained reasons
Subscribe now