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Coty, Inc.
Coty Inc. is an American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Coty owns around 40 brands as of 2024. Corporate overview Coty is one of the world's largest beauty companies and the largest fragrance company, with $5.3 billion in revenue for the fiscal year 2022. Coty acquired 41 beauty brands from Procter & Gamble in 2016, becoming the global leader in fragrance, the second largest company for hair color and styling products, and the third largest company for color cosmetics. The company operates three divisions: Consumer Beauty, which focuses on body care, color cosmetics, fragrances, and hair coloring and styling products; Luxury, for luxury cosmetic, fragrance, and skin care products; and Professional Beauty, which services beauty salon and nail salon professionals. Coty's mis ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Kylie Cosmetics
Kylie Cosmetics, LLC is an American cosmetics company founded by Kylie Jenner. The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. Formerly known as Lip Kit by Kylie, the company was renamed Kylie Cosmetics in 2016. In 2018, ''Forbes'' reported that the company was valued at $800 million and in March 2019 valued the company at $900 million. Coty bought a 51% controlling stake in the company for $600 million in November 2019 valuing the company at approximately $1.2 billion. However, in early 2020 ''Forbes'' reported—citing documentation from the Coty deal—that Kylie Cosmetics had Overvaluation, overvalued itself. Background In 2014, Jenner and her mother Kris Jenner founded Kylie Cosmetics in partnership with Seed Beauty. The company's first product named Lip Kits, consisting of a liquid lipstick and lip liner, were released on November 30, 2015. The first 15,000 lip kits were produced by Seed Beauty and funded by Jenner at a c ...
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Penske Media Corporation
Penske Media Corporation (PMC ) is an American mass media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including '' Variety'', ''Rolling Stone'', ''Women's Wear Daily'', ''Deadline Hollywood'', ''Billboard'', ''The Hollywood Reporter'', '' Boy Genius Report'', '' Robb Report'', '' Artforum'', ''ARTNews'', and others. PMC's Chairman and CEO since founding is Jay Penske. In addition to media publications, Penske Media Corporation owns the Life Is Beautiful Music & Art Festival and is a 50 percent stakeholder in South by Southwest. It is also the owner of Dick Clark Productions which includes the award shows Golden Globe Awards, American Music Awards, Streamy Awards, Academy of Country Music Awards, and the Billboard Music Awards. History 2003–2011: Founding and early years of Penske Media Penske Media Corporation was founded by Jay Penske in 2003. It began as an affinity marketin ...
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Women's Wear Daily
''Women's Wear Daily'' (also known as ''WWD'') is a fashion-industry trade journal often referred to as the "Bible of fashion". Horyn, Cathy"Breaking Fashion News With a Provocative Edge" ''The New York Times''. (August 20, 1999). It provides information and intelligence on changing trends and breaking news in the men's and women's fashion, beauty, and retail industries. Its readership is made up largely of retailers, designers, manufacturers, marketers, financiers, media executives, advertising agencies, socialites, and trend makers. ''WWD'' is the flagship publication of Fairchild Media, which is owned by Penske Media Corporation.Rothenberg, Randall"From Pauline Trigere, a Dressing Down" ''The New York Times''. (August 17, 1988). In April 2015, the paper switched from a daily print format to a weekly print format, accompanied by a daily digital edition. In 2017, it announced it would ramp up its focus on digital, reducing its regular print schedule further and opting instea ...
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CNN Business
CNN Business (formerly CNN Money) is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner's '' Fortune'' and ''Money'' magazines. Since the spin-off of Time Warner's publishing assets as Time Inc. (and their subsequent sale to Meredith Corporation and later, to IAC's Dotdash), the site has since operated as an affiliate of CNN. History CNN Money launched in 2001, replacing CNNfn's website. Time Warner had also announced an intention to relaunch the CNNfn television network under the CNN Money moniker, but those plans were apparently scrapped. Prior to June 2014, the website was operated as a joint venture between CNN and two Time Warner-published business magazines; '' Fortune'' and ''Money''. In June 2014, Time Warner's publishing assets were spun-out as Time Inc.; as a result, all three properties launched separate web presences, and CNN Money introduced a new logo that removed the ...
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Nail Salon
A nail salon or nail bar is a specialty beauty salon establishment that primarily offers nail care services such as manicures, pedicures, and nail enhancements. Often, nail salons also offer skin care services. Manicures are also offered by general beauty salons, spas, and hotels. People who work at nail salons are usually called nail technicians, manicurists, or nailists. Nail salons offer a variety of options for nail care, examples of which include acrylics, silk or fiberglass wraps, French manicures, polish, and pedicures. Some nail salons offer one-stop beauty services. In addition to nail services, one-stop nail salons offer facial treatments, waxing, and skin care. Generally, those working in nail salons are referred to as nail technicians. In some areas throughout the United States, nail technicians must hold formal, state-recognized qualifications in order to be able to work at nail salons. Certifications must come from state board. Nail care services Nail salons o ...
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Beauty Salon
A beauty salon or beauty parlor is an establishment that provides Cosmetics, cosmetic treatments for people. Other variations of this type of business include hair salons, spas, day spas, and Day spa#Medical spa, medical spas. Beauty treatments Hair cut is generally offered in beauty salons. Massage for the body is a beauty treatment, with various techniques offering benefits to the skin (including the application of beauty products) and increasing mental well-being. Hair removal is offered at some beauty salons through treatments such as waxing and Threading (epilation), threading. Some beauty salons also style hair instead of requiring clients to go to a separate hair salon. Some also offer sun tanning via Indoor tanning, tanning beds. Another popular beauty treatment specific to the face is known as a facial. The perceived effects of a facial mask treatment include revitalization, healing, or refreshment of the skin. They may yield temporary benefits depending on environm ...
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Hair Coloring
Hair coloring, or hair dyeing, is the practice of changing the color of the hair on humans' heads. The main reasons for this are cosmetic: to cover gray or white hair, to alter hair to create a specific look, to change a color to suit preference or to restore the original hair color after it has been discolored by hairdressing processes or sun bleaching. Hair coloring can be done professionally by a hairdresser or independently at home. Hair coloring is very popular, with 50-80% of women in the United States, Europe, and Japan having reported using hair dye. At-home coloring in the United States reached sales of $1.9 billion in 2011 and was expected to rise to $2.2 billion by 2016. History The dyeing of hair is an ancient art that involves treatment of the hair with various chemical compounds. Assyrian herbals dating back to contain some of the oldest recipes for cosmetic preparations known, including hair dye. The ancient Egyptian Ebers Papyrus, , has recipes for dyein ...
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Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio. It was founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer health, personal care and hygiene products; these products are organized into several segments including beauty; grooming; health care; fabric and home care; and baby, feminine, and family care. Before the sale of Pringles and Duracell to Kellogg's and Berkshire Hathaway, respectively, its product portfolio also included food, snacks, beverages, and batteries. P&G is incorporated in Ohio. In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G announced it was streamlining the company, dropping and selling off around 100 brands from its product portfolio in order to focus on the remaining 65 brands, which produced 95% of the company's profits. A.G. Lafley, the company's chairman and CEO until October 2015, ...
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Cosmetics
Cosmetics are substances that are intended for application to the body for cleansing, beautifying, promoting attractiveness, or altering appearance. They are mixtures of chemical compounds derived from either Natural product, natural sources or created synthetically. Cosmetics have various purposes, including personal care, personal and skin care. They can also be used to conceal blemishes and enhance natural features (such as the eyebrows and eyelashes). Makeup can also add colour to a person's face, enhance a person's features or change the appearance of the face entirely to resemble a different person, creature, or object. People have used cosmetics for thousands of years for skin care and appearance enhancement. Visible cosmetics for both women and men have gone in and out of fashion over the centuries. Some early forms of cosmetics contained harmful ingredients such as lead that caused serious health problems and sometimes resulted in death. Modern commercial cosmetic ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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Wella
Wella Aktiengesellschaft, AG is a German company specializing in hair care, Hair styling, styling, colorants, and other beauty products, and was founded in 1880 in Germany by Franz Ströher. Its headquartered in Darmstadt, Germany. The company was controlled by Procter & Gamble from 2003 until it was sold to Coty in 2015 along with some 40 other P&G brands. On December 1, 2020, Coty completed the sale of the Wella, Clairol, OPI Products, OPI and Good Hair Day, ghd brands stake to American private equity firm Kohlberg Kravis Roberts, KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. On October 1, 2021, Coty announced that it would sell an approximate 9% stake to KKR for $426.5 million. The deal reduces Coty's stake in the Wella, Clairol, OPI and ghd brands to around 30.6%. On November 8, 2021, Coty agreed to sell an approximate 4.7% stake in Wella to KKR in exchange for the redemption of approximately 56% of KKR's remaining convertible preferred shares ...
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