Cosmetics News: Kylie Cosmetics Goes ‘Clean And Vegan’; Crowdfunded MODA MODA Shampoo; More
Executive Summary
Shareholders and market analysts have been watching for Coty’s next Kylie Cosmetics play following the firm’s $600m deal in 2019 for a majority stake in the celeb’s highly followed makeup and skin-care business. More cosmetics news in brief.
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Coty’s $600m Kylie Cosmetics Bet Has Analysts Nervous, But ‘We Don’t See Weaknesses,’ CFO Says
Coty is confident that it can build Kylie Cosmetics into a global powerhouse. However, some analysts have misgivings about the firm’s heavy investment in a celebrity brand, questioning whether its success could be a fad and noting Coty’s “poor track record” with acquisitions overall.
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Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.