Coty and kylie jenner announce strategic partnership to expand beauty brands globally

Coty and kylie jenner announce strategic partnership to expand beauty brands globally.coty inc - co will acquire a 51% ownership in partnership for $600 million.coty inc - coty will acquire a 51% ownership in partnership for $600m.coty inc - transaction is expected to exceed coty's cost of capital by fiscal 2023.coty inc - transaction is expected to be neutral to co's eps in year one, & accretive thereafter.coty - expects deal will be accretive to net revenue growth of core fragrance, cosmetics, skin care portfolio by more than 1% p.a. over next 3 years.
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