Sue Nabi to Exit Coty and be Succeeded by Markus Strobel
Sue Nabi is exiting Coty as chief executive officer and will be succeeded on an interim basis by Markus Strobel, who has also been named executive chairman of the board. Strobel joins Coty…
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Coty
Coty Divests Remaining Stake in Wella
PARIS – Coty Inc. continues deleveraging and divesting non-core assets, and has sold its remaining 25.8 percent stake in hair care giant Wella to KKR. Under terms of the deal, Coty is to…
Coty Subsidiary Launches Lawsuit Against Kering and Gucci
PARIS — A Coty Inc. subsidiary has launched a lawsuit against Gucci and its parent company Kering, which pertains to the Gucci beauty and fragrance license, in a U.K. commercial court. HFC…
Coty Sees Sales Slip in Q1 as Gucci License Loss Looms
Coty Inc.‘s sales slipped in the first three months of fiscal 2026, the beauty company reported Wednesday, just weeks after it was revealed that it will lose the Gucci license. Net revenue…
Coty Shares Drop as Much as 17 Percent After Wider-than-expected Q4 Loss
After closing down just 0.5 percent at $4.86, Coty’s stock price dropped more than 17 percent in after-hours trading Wednesday after a greater profit loss in its fourth quarter than Wall…
Coty Reports $71.1M Loss on Skkn Divestiture Amid Q3 Revenue Decline
Coty made a $71.1 million loss on the divestiture of Skkn, Kim Kardashian’s beauty business, the company said in its third-quarter earnings. Coty, the beauty company behind the likes of…
Coty to Cut 700 Jobs Amid Strategic Overhaul
Coty Inc., the beauty company behind the likes of Covergirl, Kylie Cosmetics and Lancaster, among many others, is cutting up to 700 jobs as it revisits a strategy launched during the…
2024 Top 100: Coty Benefits from Fragrance Boom, Despite Geographic Pressures
The fragrance effect was alive and well at Coty in 2024, although its most recent set of earnings showed this was not enough to offset pressures from weak demand in Asia and tight…