Shares of Coty Inc. $COTY jumped 11% following a report by WWD suggesting that the global beauty company is exploring a potential strategic sale, possibly involving the separation of its luxury and consumer beauty divisions. The discussions are reportedly in the early stages, with multiple industry sources confirming that Coty is weighing such a move. The sharp rise in the stock reflects investor optimism about the potential value unlocked through a restructuring or sale, particularly given Coty's diverse brand portfolio and expansive global distribution network.

Shares of L'Oreal SA $OR.SW experienced notable growth at the start of trading on the Paris stock exchange, rising by 2.6% on Tuesday. This surge followed the cosmetic giant's announcement of a consistent increase in sales, driven by surging demand for premium cosmetics and fragrances. However, despite this recent uptick, L'Oreal's shares have fallen by approximately 21% over the past year.