Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner’s make-up and skincare businesses, as it looks to tap into the reality TV star’s huge social media reach, sending its shares up as much as 5%.
We believe one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks/options are required to open the kimono and disclose the number of shares and the total value of […] …read more […]
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German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge, as its next chief executive. Dujardin will take up the post on Jan. 8, Ameropa said in a statement. Dujardin, a 45-year-old French national, has spent the past 14 years at U.S-based Bunge, one of the world’s largest agribusiness groups. …read more […]
Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.
Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said. Order books will now close on Tuesday at 12 p.m. in New York (1700 GMT), half a day earlier than initially planned by the Chinese e-commerce giant and its investment banking advisers. The final price that institutional investors will pay will still be set by Wednesday evening Hong Kong time, based on Tuesday’s closing price in New York, they added. …read more […]
Energy stocks, and to a lesser extent bank stocks, have been the market’s whipping boys in 2019 Continue reading… …read more […]
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Wall Street’s main stock indexes eased from record highs at the open on Monday after a report stoked concerns that a U.S.-China trade deal might not get through.
(Bloomberg) — Coty Inc. agreed to pay $600 million for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele.The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts and communications, the companies said Monday in a statement. The deal values Kylie Cosmetics, which Jenner, 22, started in 2015 as a line of lip kits when she was still a teenager, at about $1.2 billion.Coty shares rose as much as 2.6% …read more […]
Interpublic Chairman & CEO Michael Roth joins Yahoo Finance’s Dan Roberts at the Paley International Council Summit to discuss the impact of social media and competing with tech companies. …read more […]
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