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Coty Eying Kylie Cosmetics Acquisition?

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Coty's latest financials point to a company challenged by a range of struggling legacy brands, including those acquired from P&G in 2015, even as direct to consumer upstarts continue to challenge traditional beauty leaders. Now comes word, via WWD, that the beauty giant is looking to acquire a controlling stake in Kylie Cosmetics, which was born at Seed Beauty and quickly grew sales past $1 billion.

The brand has since launched a poorly received skin care range.

No deal is imminent, per the report.