Coty news and archive

Coty subsidiary files lawsuit against Kering and Gucci

A subsidiary of beauty giant Coty has filed a lawsuit against Kering and Gucci in a UK commercial court weeks after a landmark acquisition deal between Kering Beauty and L’Oréal. A case filing by HFC Prestige International Operations Switzerland SARL – the documents of which have not yet been made public – has listed Gucci America Inc; Guccio...

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Coty considering two-part sale, according to industry sources

US-based group Coty Inc., listed in New York and Paris, may be approaching a decisive turning point. According to several industry sources cited by WWD, the cosmetics specialist is considering a partial sale of its businesses, potentially paving the way for a profound restructuring of the company. Two-stage sale According to information gathered...

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Coty to cut 700 jobs as part of business overhaul

Beauty giant Coty has confirmed that the next phase of its ongoing transformation programme will impact approximately 700 positions as it looks to continue simplifying its fixed cost structure. The exact roles affected were not disclosed in the press release. The initiative builds on the company’s long-running ‘All-in to Win’ programme, first...

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Coty: Skims acquires stake in SKKN by Kim

Coty Inc. has sold its shares in the SKKN by Kim brand. The US cosmetics company has sold its 20 percent stake in Kim Kardashian's cosmetics brand to Skims, Coty announced on Friday. Following the transaction, the shapewear provider co-founded by the media personality and businesswoman will combine the beauty and lifestyle ventures under one...

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Nautica expands into women’s fragrance market

American lifestyle brand Nautica has expanded its reach in the fragrance category with the launch of two new products for women as part of an existing partnership with cosmetics giant Coty. Dubbed ‘Rose Island’ and ‘Jasmine Coast’, the two new scents intend to reflect the brand’s “coastal cultural heritage”, a press release stated, with each...

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Weak demand in the US and China: Coty reports Q2 sales decline

US-based beauty giant Coty Inc. experienced an unexpected decline in sales during the second quarter of its 2024/25 fiscal year, largely due to softening demand in China and North America. According to a statement released Monday evening, group revenue for the three months ending December 31 totaled 1.67 billion dollars, a 3 percent decrease...

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Fashion |Beauty

Swarovski to enter fragrance market with Coty deal

Austrian-based crystal company Swarovski is eyeing the fragrance market after signing a long-term beauty licensing deal with Coty, the beauty giant with a portfolio of brands across fragrance, colour cosmetics, and skin and body care. In a statement, Swarovski said the deal would allow it to develop, produce and distribute “a new vision of...

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Coty lowers outlook despite positive Q1 results

In the first quarter, Coty's net revenues grew 2 percent and 4.5 percent on a LFL basis supported by strong growth in fragrances across all price points, including prestige, ultra premium and mass fragrances. Coty expects FY25 adjusted EBITDA to grow near the lower end of its prior guidance of 9 to 11 percent, stronger adjusted EBITDA margin...

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Coty maintains FY25 outlook despite market slowdown

Coty’s first quarter sales grew approximately 4 to 5 percent LFL, below its prior estimated growth of 6 percent LFL. According to the preliminary trading report, factoring in the ongoing retailer caution and incrementally slower US market, the company now anticipates second quarter LFL sales to grow moderately, with some growth acceleration...

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Coty posts Q4 loss but provides upbeat outlook

For FY24, Coty’s net revenues grew 10 percent on a reported and 11 percent on a LFL basis to 6.1 billion dollars. The company’s fourth quarter net revenues grew 1 percent on a reported basis and 5 percent on a LFL basis to 1.4 billion dollars. Coty’s adjusted EBITDA grew 12 percent to 1,091.1 million dollars with an adjusted EBITDA margin of...

Fashion |Beauty

Coty and Lena Gercke sign new license deal

Beauty company Coty has inked a long-term fragrance deal with German television presenter and model Lena Gercke, who has her own fashion brand, LeGer. As part of the licensing deal, Coty will develop, produce and distribute LeGer’s debut fragrance, which is expected to launch in the DACH region (Germany, Austria, and Switzerland) this summer....

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Coty's Q3 LFL revenues up by 10 percent, beat forecast

Coty’s third quarter net revenues grew 8 percent to 1,386 million dollars on a reported basis and 10 percent on a LFL basis supported by growth in fragrances, colour cosmetics, skin care and body care. These results trended above the company's guidance of 6 to 8 percent LFL for the second half of FY24. On a year-to-date basis, net revenues grew...