Wednesday, March 25, 2020

Blind Items Revealed #1

March 3, 2020

Things are so bad for the company that bought the reality star's cosmetic line that they made up all kinds of excuses to not report their losses from it in their quarterly SEC filings.

Coty Inc/Kylie Jenner/King Kylie

Posted by ent lawyer at 8:15 AM

Labels:

14 comments:

  1. MyDogSmiles8:17 AM

    But she's a billionaire...

    ReplyDelete
  2. Zebra Seasoning8:18 AM

    Dammit MyDogSmiles. You beat me to it. ;)

    ReplyDelete
  3. Vita8:19 AM

    Mydog-- right!?!
    Didnt someone on original blind mention there's a clause where they have six months to revoke the deal? Sounds like they'll pull the plug, no?

    ReplyDelete
  4. MyDogSmiles8:20 AM

    @Zebra Seasoning :)

    ReplyDelete
  5. MyDogSmiles8:21 AM

    @Vita The whole thing is a smoke show...

    ReplyDelete
  6. Freed Weave8:27 AM

    Stop applying all those annoying, unnecessary filters to sell things. People wanna buy makeup not unrealistic filters. Be authentic for once and do an unfiltered 4k video so people still know you're still somewhat human.

    ReplyDelete
    Replies
    1. Monkeyweather8:12 PM

      They can't. No one would buy something that was pitched to make you look like the girl who works at Del Taco

      Delete
  7. hunter9:30 AM

    Oh snap a "billon" dollar market disappeared?? You don't say.

    ReplyDelete
  8. Sook9:46 AM

    Jenner knew what was up and sold for 600 million (if I recall correctly). As soon as that was signed off on, she would of been free and clear. I never heard anything about a six month "safety clause."

    ReplyDelete
  9. Studio549:59 AM

    Coty's purchase of Kyle Cosmetics wasn't even completed until 1/6/20, so there would be nothing to report in Q1 yet.

    ReplyDelete
  10. Studio5410:00 AM

    @Vita: I mentioned that Coty had until 3/31/20 to back out of the deal, but the deal was finalized on 1/6/20.

    ReplyDelete
  11. Studio5410:18 AM

    Gucci Owner Coty to Pump Out Hand Sanitizer as Coronavirus Upends Business

    With coronavirus having crippled traditional retail sales, beauty and cosmetic giant Coty will start pumping out hand sanitizer.

    SCOTT VAN VOORHISMAR 20, 2020 9:44 AM EDT
    https://www.thestreet.com/investing/gucci-coty-hand-sanitizer-coronavirus

    ReplyDelete
  12. IndieRaga10:50 AM

    Reporting losses gives you tax benefits....or so I thought!
    They want to report higher fake income and pay taxes ?

    ReplyDelete

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