As KKR finalizes its purchase of Coty’s professional and retail hair businesses, the investment firm has named Annie Young-Scrivner as the CEO of the newly independent company made up of the acquired brands.
Coty is moving into the next stage of its expansion plan for Kylie Jenner’s Kylie Skin brand. It’s launching direct-to-consumer flagship websites for the beauty label in key European markets and Australia.
The cosmetics conglomerate is facing a class action lawsuit from shareholders claiming that the company provided misleading information about its acquisitions of the P&G specialty beauty business and Kylie Cosmetics.
Capri Holdings has named a new CEO for Jimmy Choo. Hannah Colman, who has been interim CEO, takes over permanently at the helm of the luxury footwear label and will report to Capri’s CEO and chairman John D. Idol.
Coty Inc on Thursday named former top executive of L'Oreal, Sue Nabi, as chief executive officer, its third CEO in this year, sending the shares of the cosmetics maker up about 4% in premarket trading.