On Monday, Shares of Coty Inc (NYSE:COTY), subtract -2.96% and closed at $22.91 in the last trading session. The last trading range of the stock ranges between $22.79 and $23.62. The company’s Market capitalization is $16.30 Billion with the total Outstanding Shares of 74.01 million. During the 52-week trading session the minimum price at which share price traded, registered at $21.48 and reached to max level of $31.60. Coty Inc. (COTY) declared recently that it has accomplished the merger of The Procter & Gamble Company’s fine fragrance, color cosmetics, salon professional and hair color and certain styling businesses (“P&G Specialty Beauty Business”) into Coty. Coty is now the third-leading beauty company in the world, with about $9 billion in revenue. As a combined company, Coty will also hold the number one position in fragrances, and number two and three positions in salon hair and color cosmetics, respectively.
As formerly declared, following the completion of the merger, Camillo Pane became the new Chief Executive Officer of Coty. Commenting, Pane said, “It is my great privilege to take over the reins of leadership at such a transformational moment. Recently marks a new chapter in Coty’s rich heritage. With this merger, we have brought together a powerful portfolio of much loved beauty brands and some of the world’s most talented people in beauty and consumer goods. I believe this combination, together with our distinctive entrepreneurial culture, focused and lean operating structure, and efficient earnings model, will facilitate Coty to be a challenger in the beauty industry. We aim to relentlessly pursue superior products and solutions, build brands that inspire and facilitate consumers to celebrate and liberate their own individual beauty.”
HP Inc (NYSE:HPQ), jumped 0.06% and closed at $15.59 in the last trading session. The last trading range of the stock ranges between $15.59 and $15.88. The company’s Market capitalization is $26.64 Billion with the total Outstanding Shares of 1.71 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $8.91 and reached to max level of $15.81. HP Inc. ( NYSE : HPQ ) recently kicks off a week-long celebration of the 50th Anniversary of HP Labs, the company’s advanced research center dedicated to developing technology to improve the lives of people everywhere. Guided by visionaries in technology and social science, HP Labs is fueling the next wave of engineering innovation in 3D printing, immersive computing, hyper mobility, Internet of Things, microfluidics and more. To walk through decades of HP Labs innovation, click here.
To celebrate the Labs’ founding in 1966, HP will host a livestreamed event via HP’s Digital Newsroom, News@HP, at 6 pm PDT Tuesday, September 27. Dion Weisler, HP President and CEO, and Shane Wall, Chief Technology Officer and Head of HP Labs, will discuss the company’s rich heritage and outline how HP is driving the next 50 years of innovation. Everyone, everywhere can virtually experience #Next50inTech events via News@HP, HP News on Periscope and Snapchat.
HP also will livestream a panel on how diversity is key to driving future innovation, hosted by Leena Rao from Fortune, Tracy Keogh, HP Chief Human Resources Officer, Stacy Brown Philpot, HP Board Member and TaskRabbit CEO, and Aida Alvarez, HP and Walmart Board Member and former administrator for the U.S. Small Business Administration.
“Our founders set out to change the world by developing technology that would improve the lives of people everywhere,” HP’s Wall said. “To celebrate our 50th year, we are bringing a renewed openness to HP Labs and reflecting on how HP’s contributions will continue to propel growth and innovation so that we can keep reinventing far into the future.”