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For me, [this quarter] is the perfect illustration of what is supposed to be the new Coty, with strong growth in prestige, but also back to growth in consumer beauty, which used to be more difficult,” said Coty chief executive Sue Y. Nabi. “All this is fuelling better profitability. We’re investing in more profitable innovations in more profitable categories in the most profitable regions.” Kentucky State Police Car Ugly Christmas Sweater. Along with its earnings, Coty also announced that it is selling part of its stake in hair care label Wella. The company will sell 4.7 percent of its stake in Wella to investment firm KKR for approximately 56% of KKR’s remaining convertible preferred shares in Coty, which equals about 25 million common stock Coty shares. The deal is valued at $215.7 million, according to the company. The move, according to a statement from the company, will result in an extra $14 million in annual dividend cash savings for Coty.
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