(Reuters) - CoverGirl parent Coty (NYSE:COTY) said on Friday it would sell its 20% stake in reality TV star Kim Kardashian’s beauty brand to her clothing line, SKIMS, consolidating the two businesses under a single brand.Coty, which acquired a stake in Kardashian’s beauty business, SKKN, in 2021, said it would use the proceeds from the sale to reduce debt and invest in innovations across its b ...
By David ShepardsonWASHINGTON (Reuters) -Transportation Secretary Sean Duffy will unveil a plan next week to upgrade the aging, under-staffed U.S. air traffic control system next week, he said on Friday.Duffy said earlier this month that he planned to ask Congress for tens of billions of dollars for a multi-year effort to revamp Federal Aviation Administration air traffic control infrastructure, i ...
By Natalia Siniawski and Maximilian HeathBUENOS AIRES (Reuters) -Argentina’s presidential office on Friday said it issued a preventive measure to suspend Telecom (BCBA:TECO2m)’s acquisition of Telefonica (NYSE:TEF)’s local unit, claiming the pending merger could lead to excessive market concentration.Spanish telecoms giant Telefonica said in February it was selling its unit in the country ...
By Kate Holton, Sarah Young and Andrew MacAskillLONDON (Reuters) -Flights at Britain’s Heathrow resumed late on Friday after a fire knocked out its power supply and shut Europe’s busiest airport for the day, stranding tens of thousands of passengers and causing travel turmoil worldwide. Heathrow said its teams worked tirelessly to reopen the world’s fifth-busiest airport after it was forced ...