122-year-old beauty giant sued by investors over fraud claims
By Fernanda Tronco
Published on March 27, 2026.
Coty, a 122-year-old beauty conglomerate founded in 1904, has been sued by investors over fraud claims. The company, which owns brands such as Gucci, Burberry, Calvin Klein, Hugo Boss, Marc Jacobs, CoverGirl, and Kylie Cosmetics, has reported declining performance in key segments over the past year. Multiple class action lawsuits have been filed on behalf of investors who purchased Coty stock between Nov. 5, 2025, and Feb. 4, 2026. The complaints allege that Coty made misleading statements regarding its financial outlook and business performance. Following the announcement, Coty's stock fell around 22%, falling from $3.43 per share on February.
Read Original Article