Company News, Financial News

Coty Finalizes Deal with KKR

But faces lawsuit over Kylie Cosmetics deal.

Surely, Peter Harf deserves better. The long-time chairman of Coty's parent company has been swept up in a scandal that's been cooked up by the Kardashian clan. Federman & Sherwood, an Oklahoma City, OK, law firm has intiated an investigation into Coty, Inc. regarding possible violation of federal securities laws. On November 18, 2019, Coty announced that it was taking a majority stake in Kylie Cosmetics. The deal gave Coty a 51% stake in the makeup company for $600 million. On th...

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