Coty Shares Spike After Kylie Jenner Product News By

© Reuters

By Christiana Sciaudone — The television show may be history, but anything Kylie Jenner still excites investors. 

Coty (NYSE:) popped 11% after the cosmetics company said Kylie Skin will sell directly to consumers in the U.K., France, Germany, and Australia. 

The direct-to-consumer websites will allow shoppers to buy products in local languages and currencies, avoiding additional customs fees and duties. The Kyle collection has been selling out quickly, Coty said. Case in point: the Lip Balm Set launched in August sold out in 18 minutes. That’s enough to make even the most skeptical among us consider taking a stake in Coty. 

Coty says Kylie Jenner is one of the world’s most admired personalities with over 300 million followers across her personal and brand social media channels, and one of the most influential voices among beauty consumers globally. Admired for what, they do not say.

Kylie Skin, launched in May 2019, is reportedly a top-selling skin care brand in the U.S. In keeping with the times, all products are cruelty-free, vegan, gluten free, paraben and sulfate free and suitable for all skin types.

Among the offerings will be Coconut Body Scrub and Lotion, Vanilla Milk Toner, and Walnut Face Scrub. 




Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.