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Overpaid for P&G and Kylie brands, according to lawsuit.
October 12, 2020
By: Happi Staff
In its effort to expand into new categories and get a following among younger consumers, Coty Inc acquired several brands from Procter & Gamble and, later, purchased Kylie Cosmetics. Now, shareholders want an explanation and compensation. Coty faces a federal securities class action lawsuit, filed in the US District Court for the Southern District of New York on behalf of investors that purchased or acquired stock in Coty between October 3, 2016 and May 28, 2020. According to the lawsuit, C...
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