Cody Initiates Strategic Review Amid Turnaround Efforts

26 days ago

Nathan Hager / Valerie Teitel

"Cody shares are rising 1.5% following the announcement of a strategic review of its consumer beauty brands, as management considers partnerships, spinoffs, or divestitures, despite a 42% decline year-to-date."

Cody, the company behind major beauty brands such as CoverGirl and Max Factor, has initiated a strategic review aimed at refocusing on fragrances. This move has spurred a modest rebound in share price, though the stock remains under pressure with a significant year-to-date decline.