US Market News
5日前
Coty Sharpens Leadership Structure and Operating Model Under Coty.CuratedJuly 2, 2026 8:15 AM
Business Wire Regulatory News: Today, Coty Inc. (NYSE: COTY) (Paris: COTY) announced a set of organizational changes that advance its Coty.Curated strategy by bringing commercial decision-making closer to the center and enabling the company to move faster. Executive Chairman and interim CEO Markus Strobel will take direct control of Prestige commercial operations, with Coty’s regional leaders reporting to him. The change brings leadership closer to the markets, speeds up decision-making, and sharpens accountability for sell-out and market share. As part of these changes, Coty will integrate Prestige R&D and sustainability with supply chain into one simplified function under the interim leadership of Graeme Carter, Chief Supply Chain Officer. Bringing prestige innovation, sustainability, and supply chain together under one leader streamlines how the company develops and delivers behind its core businesses. Gordon von Bretten, President of Consumer Beauty, will continue to drive an already integrated model in Consumer Beauty. Caroline Andreotti, Chief Commercial Officer Prestige, will leave Coty at the end of September after three years in the role and almost two decades with the company. She shaped Coty’s global commercial strategy, its relationships with key customers and partners, and its leadership in prestige. Dr. Shimei Fan, Chief Scientific and Sustainability Officer, will leave Coty at the end of August. She led the company’s R&D organization and sustainability agenda, helped launch key innovations, and oversaw significant progress including multiple ESG ratings upgrades and the first approval of Coty’s science-based carbon reduction targets by the SBTi. Markus Strobel, Executive Chairman and interim CEO, said: “Coty.Curated is about clarity and focus, and a simpler operating model helps us deliver on that. It positions us to keep building behind our core brands and to support our teams as the business moves forward. I want to thank Caroline and Shimei for their leadership and their many years of contribution to Coty, and wish them every success for their future endeavors.” People and Purpose leadership transition Priya Srinivasan, Chief People and Purpose Officer, has decided to step down for personal reasons and will leave Coty in August. She led the global people function, including leadership development and engagement, and played an important role in advancing Coty’s talent agenda. Séverine Charbon will join Coty as Chief People and Purpose Officer effective September 1. She brings more than 25 years of international experience in talent strategy and organizational transformation, most recently as Chief Talent Officer International at Publicis Groupe. Strobel added: “Priya has been a thoughtful and trusted leader, and a real champion of our people and culture. She has strengthened how we develop talent, deepened employee engagement, and helped make Coty a place where people can do their best work. We are grateful for everything she has given to Coty and wish her the very best in the future. We now look forward to Séverine joining Coty at this important time and continuing to build on the strong foundations in place.” ABOUT COTY INC. Founded in Paris in 1904, Coty is one of the world’s largest beauty companies, with a portfolio of beloved brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass-market products in over 120 countries and territories. Together with its brands, Coty empowers people to express the beauty of their individuality – and is committed to transforming the beauty industry to become more sustainable and inclusive through its Beauty That Lasts strategy. Learn more at coty.com or follow us on LinkedIn and Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260702809755/en/ Investor Relations
Olga Levinzon, +1 (212) 389-7733
olga_levinzon@cotyinc.com Media
Antonia Werther, +31 621 394495
antonia_werther@cotyinc.com Original: Coty Sharpens Leadership Structure and Operating Model Under Coty.Curated
US Market News
1月前
Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600June 5, 2026 7:25 PM
PR Newswire (US) NEW YORK, June 5, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from S&P MidCap 400 and S&P SmallCap 600 are no longer representative of the mid-cap and small-cap market space, respectively. Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name ActionCompany NameTickerGICS SectorJune 22, 2026S&P 500AdditionMarvell TechnologyMRVLInformation TechnologyJune 22, 2026S&P 500DeletionPool CorpPOOLConsumer DiscretionaryJune 22, 2026S&P 500AdditionFlexFLEXInformation TechnologyJune 22, 2026S&P 500DeletionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P MidCap 400AdditionRokuROKUCommunication ServicesJune 22, 2026S&P MidCap 400DeletionFlex FLEXInformation TechnologyJune 22, 2026S&P MidCap 400AdditionCoeur MiningCDEMaterialsJune 22, 2026S&P MidCap 400DeletionBellRing Brands BRBRConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSemtechSMTCInformation TechnologyJune 22, 2026S&P MidCap 400DeletionCotyCOTYConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSanminaSANMInformation TechnologyJune 22, 2026S&P MidCap 400DeletionConcentrix CNXCIndustrialsJune 22, 2026S&P MidCap 400AdditionViavi Solutions VIAVInformation TechnologyJune 22, 2026S&P MidCap 400DeletionBlackbaud BLKBInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionPoolPOOLConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEmbecta EMBCHealth CareJune 22, 2026S&P SmallCap 600AdditionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionUniversal Health Realty Trust UHTReal EstateJune 22, 2026S&P SmallCap 600AdditionCotyCOTYConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionSemtechSMTCInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionConcentrix CNXCIndustrialsJune 22, 2026S&P SmallCap 600DeletionSanmina SANMInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionBlackbaudBLKBInformation TechnologyJune 22, 2026S&P SmallCap 600DeletionViavi SolutionsVIAVInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionCredit Acceptance CACCFinancialsJune 22, 2026S&P SmallCap 600DeletionOxford IndustriesOXMConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionLazardLAZFinancialsJune 22, 2026S&P SmallCap 600DeletionGogoGOGOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionEastern BanksharesEBCFinancialsJune 22, 2026S&P SmallCap 600DeletionPRA GroupPRAAFinancialsJune 22, 2026S&P SmallCap 600AdditionWesbancoWSBCFinancialsJune 22, 2026S&P SmallCap 600DeletionInsteel IndustriesIIINIndustrialsJune 22, 2026S&P SmallCap 600AdditionWarby ParkerWRBYConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEthan Allen InteriorsETDConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionNicolet BanksharesNICFinancialsJune 22, 2026S&P SmallCap 600DeletionCytek BiosciencesCTKBHealth CareJune 22, 2026S&P SmallCap 600AdditionLiquidia LQDAHealth CareJune 22, 2026S&P SmallCap 600DeletionMonroMNROConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionRush Street InteractiveRSIConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionVital FarmsVITLConsumer StaplesJune 22, 2026S&P SmallCap 600AdditionUnited States Lime & MineralsUSLMMaterialsJune 22, 2026S&P SmallCap 600DeletionCable OneCABOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionInvenTrust PropertiesIVTReal EstateJune 22, 2026S&P SmallCap 600DeletionForward AirFWRDIndustrialsABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
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spdji.comms@spglobal.com View original content:https://www.prnewswire.com/news-releases/marvell-technology-and-flex-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-302793159.htmlSOURCE S&P Dow Jones Indices Original: Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
US Market News
2月前
Coty Launches Marc Jacobs Beauty: One of the Most-Requested Luxury ComebacksMay 20, 2026 7:29 AM
Business Wire Coty Inc. (NYSE: COTY) today announced the launch of Marc Jacobs Beauty, the color cosmetics collection long anticipated by the brand’s loyal following. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520340714/en/Marc Jacobs Beauty The collection is built around “Joyride Sensoriality”, Marc Jacobs Beauty’s concept of an immersive, pleasurable experience that engages the senses, because makeup should feel as good as it looks. Consumers will discover unexpected textures, tactile finishes, and formulas designed to be played with. Few designers have shaped culture like Marc Jacobs. The original industry outsider turned icon, he has spent decades defining what is next - in fashion, in beauty, and in the conversation itself. Brought to life in partnership with Coty, a global leader in prestige beauty, Marc Jacobs Beauty channels a fearless, unapologetic point of view into makeup: bold, radically inclusive, and unmistakably Marc Jacobs. Jean Holtzmann, Coty Chief Brands Officer Prestige, said: “Marc Jacobs Beauty has been years in the making, and we could not be more proud to bring it to life. This launch is a joyful, maximalist celebration of color and creativity. It is exactly the kind of bold innovation that defines Coty Prestige, and we believe it will be one of the defining launches of 2026.” Marc Jacobs added: “We have had a long and successful partnership, working with Coty on fragrance and we are excited to do the same with beauty. I am not interested in one right way to look; beauty, like fashion, has always been a form of self-expression rooted in experimentation, play, and reimagining the familiar in new ways.” Priya Venkatesh, Global Chief Merchandising Officer for Sephora, commented: “Marc Jacobs Beauty is one of the most anticipated relaunches in prestige beauty, and Sephora is proud to partner in bringing it back to consumers around the world. At the intersection of fashion, creativity, and pop culture, the brand is uniquely positioned to resonate with Sephora’s deeply engaged beauty community across both loyal fans and a new generation of beauty consumers. Together with Coty, we look forward to reigniting excitement for Marc Jacobs Beauty, driving discovery at scale, and supporting the brand’s next chapter of long-term global growth.” Marc Jacobs Beauty launches with a curated edit of color cosmetics spanning eyes, complexion, and lips, from the Drawn This Way Longwear Eyeliner and Born Star Eyeshadow to the Heart On Lipstick, Joystick Blush Stick, Flashes Mascara, Legally Bronze Bronzer, and Money Shot Highlighter Gel. Each formula delivers high-impact, long-wearing performance and is designed to be layered, blended, and worn from morning into night. The packaging, designed by Marc Jacobs himself, features the brand's iconic charm motifs — a daisy for complexion, a star for eyes, a heart for lips — now realized in oversized soft touch matte and metallic silhouettes that elevate everyday makeup into collectible objects. The collection is priced from $26 to $42 in the U.S. and £22 to £35 in the UK. The collection will launch on MarcJacobs.com on May 28, 2026, followed by a Sephora app exclusive on May 31, and availability on Sephora.com in the U.S. and Canada and Selfridges.com beginning June 1. Following this initial rollout, the collection will launch in travel retail in June at JFK International Airport and Palma de Mallorca Airport, before expanding to Sephora stores across the U.S., Canada, the U.K., and Australia starting September 1, 2026. About Coty Inc. Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at coty.com or on LinkedIn and Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520340714/en/ Media Contact
Antonia Werther, +31 621 394495
antonia_werther@cotyinc.com Original: Coty Launches Marc Jacobs Beauty: One of the Most-Requested Luxury Comebacks
US Market News
2月前
Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTYMay 14, 2026 3:24 AM
PR Newswire (US) LOS ANGELES, May 14, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Coty Inc. ("Coty" or "the Company") (NYSE: COTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of COTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: November 5, 2025 to February 4, 2026DEADLINE: May 22, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Coty made overwhelmingly positive statements about its growth prospects despite its growth slowing in the Consumer Beauty segment. The Company's margins also suffered due to increased marketing costs. Based on these facts, Coty's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/coty-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--coty-302771786.htmlSOURCE DJS Law Group LLP Original: Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTY
US Market News
2月前
Coty Announces Third Quarter Fiscal Year 2026 ResultsMay 5, 2026 4:30 PM
Business Wire Q3 Results Inline to Ahead of Expectations Growth in Fiscal Year to Date Operating Cash Flow to $422M and Free Cash Flow to $276M, Despite Lower Profit, Reflecting Disciplined Working Capital and Capital Expenditure Initial Implementation of Coty.Curated Strategic Framework to Support Healthier Business In FY27 & Beyond Regulatory News: Coty Inc. (NYSE: COTY) (Paris: COTY) (“Coty” or “the Company”) today announced its results for the third quarter of fiscal year 2026, ended March 31, 2026. Despite Middle East-related disruptions, Coty delivered Q3 profit ahead of expectations, supported by cost control and the reallocation of investments behind activations in Q4. “Q3 marked an important step toward restoring consistent performance commensurate with Coty's outstanding assets and capabilities,” said Markus Strobel, Executive Chairman and Interim Chief Executive Officer. “While the Q3 results were below our potential on an absolute basis, we were pleased to deliver profitability ahead of our guidance despite the disruption in our Middle East business late in the quarter. This was a welcome first step, as we begin to gradually strengthen our operational control and execution. “We are methodically implementing the Coty.Curated strategic framework announced last quarter, centered on sharper priorities, more focused investments, improved execution, and increased support behind our core businesses. We are embedding this framework into our FY27 action plans for both divisions, including significantly reducing the number of smaller launches, lowering marketing asset production costs in part through broad-based AI deployment for our owned brands, while increasing consumer engagement spending, and working to simplify our operational model, all with the ultimate objective to grow our sell out and market share over time. “As we near the conclusion of our strategic planning and portfolio assessment, to be validated with our Board including our new independent directors, we expect to share more details in the coming quarters. At the same time, I remain confident in Coty's position as a leading fragrance player, underpinned by our multiple iconic brands, and targeted presence in other beauty categories, including cosmetics, skin care, and body care. We believe stronger, more focused execution across our portfolio will enable us to deliver consistent, profitable growth, advance our deleveraging agenda, and further strengthen our balance sheet. “While this will take time, I strongly believe that with sustained focus and discipline, Coty is well positioned to realize its full potential.” RESULTS AT A GLANCE Three Months Ended March 31, 2026 Nine Months Ended March 31, 2026 (in millions, except per share data) Change YoY Change YoY COTY INC. Reported Basis (LFL)(a) Reported Basis (LFL)(a) Net revenues $ 1,281.6 (1 %) (7 %) $ 4,537.4 (2 %) (6 %) Gross Margin - reported 61.8 % 63.5 % Gross Margin - adjusted* 61.8 % 63.6 % Operating income - reported (372.0 ) (33 %) (38.8 )
US Market News
2月前
Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTYMay 4, 2026 4:18 AM
PR Newswire (US)
LOS ANGELES, May 4, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Coty Inc. ("Coty" or "the Company") (NYSE: COTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of COTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: November 5, 2025 to February 4, 2026DEADLINE: May 22, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Coty made overwhelmingly positive statements about its growth prospects despite its growth slowing in the Consumer Beauty segment. The Company's margins also suffered due to increased marketing costs. Based on these facts, Coty's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content:https://www.prnewswire.com/news-releases/coty-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--coty-302760975.htmlSOURCE DJS Law Group LLP
Original: Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTY
US Market News
3月前
Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTYApril 20, 2026 3:10 AM
PR Newswire (US)
LOS ANGELES, April 20, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Coty Inc. ("Coty" or "the Company") (NYSE: COTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of COTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: November 5, 2025 to February 4, 2026DEADLINE: May 22, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Coty made overwhelmingly positive statements about its growth prospects despite its growth slowing in the Consumer Beauty segment. The Company's margins also suffered due to increased marketing costs. Based on these facts, Coty's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content:https://www.prnewswire.com/news-releases/coty-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--coty-302746809.htmlSOURCE DJS Law Group LLP
Original: Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTY
US Market News
3月前
Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTYApril 6, 2026 4:50 AM
PR Newswire (US)
LOS ANGELES, April 6, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Coty Inc. ("Coty" or "the Company") (NYSE: COTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of COTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: November 5, 2025 to February 4, 2026DEADLINE: May 22, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Coty made overwhelmingly positive statements about its growth prospects despite its growth slowing in the Consumer Beauty segment. The Company's margins also suffered due to increased marketing costs. Based on these facts, Coty's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content:https://www.prnewswire.com/news-releases/coty-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--coty-302734565.htmlSOURCE DJS Law Group LLP
Original: Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - COTY
US Market News
3月前
Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – COTYMarch 27, 2026 2:30 PM
Business Wire
The DJS Law Group reminds investors of a class action lawsuit against Coty Inc. (“Coty” or “the Company”) (NYSE: COTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of COTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 5, 2025 to February 4, 2026
DEADLINE: May 22, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Coty made overwhelmingly positive statements about its growth prospects despite its growth slowing in the Consumer Beauty segment. The Company’s margins also suffered due to increased marketing costs. Based on these facts, Coty’s public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260327272425/en/
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
Original: Coty Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – COTY
US Market News
4月前
Coty Revamps Board With Appointment of Five New Independent DirectorsMarch 18, 2026 4:30 PM
Business Wire
Highly Accomplished Global Leaders Strengthen Board with Deep Beauty, Brand-Building and Financial Expertise to Advance Coty’s Strategic Evolution
Regulatory News:
Coty Inc. (NYSE: COTY) (Paris: COTY) (“Coty” or “the Company”) today announced that its Board of Directors (the “Board”) has appointed five new independent directors as part of a comprehensive Board refreshment. The new directors are Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni, and Stephanie Plaines. Mr. Kunze-Concewitz will serve as Chair of the Board’s Remuneration Committee and Ms. Plaines will serve as Chair of the Board’s Audit and Finance Committee. Mr. Fischer has also been named as the Board’s new Lead Independent Director.
The new directors have held senior leadership roles at globally recognized companies including Shiseido, Procter & Gamble, Ferrari, Bulgari, Pandora, Campari Group, Starbucks, Walmart and Sephora. Collectively, they bring decades of leadership experience across prestige beauty, luxury and global consumer brands, with deep expertise in fragrances and color cosmetics, global brand building, digital commerce, financial leadership and large-scale business transformation.
“This Board refreshment marks a defining step in Coty’s strategic evolution,” said Markus Strobel, Executive Chairman of the Board and Interim Chief Executive Officer. “We are pleased to welcome an exceptional group of leaders whose experience spans some of the world’s most respected beauty, luxury and consumer companies. At a time when both the beauty market and Coty are rapidly transforming, these directors bring valuable new perspectives alongside proven expertise in prestige fragrance, global brand building, portfolio transformation and financial discipline. Together with our existing Board, they will further sharpen our strategic focus, strengthen execution and drive sustainable value for our shareholders.”
Current directors Markus Strobel, Joachim Creus, Frank Engelen and Patricia Capel will remain on the Board. Following his appointment to serve as President of Consumer Beauty at Coty, Gordon von Bretten has decided to step down from its Board.
Beatrice Ballini, Isabelle Parize and Anna Adeola Makanju have resigned from the Board, effective immediately. Robert (Bob) Singer has resigned from the Board, effective June 30, 2026, and will continue to serve on the Audit and Finance Committee until his departure.
“I want to thank Bob, Beatrice, Isabelle, Anna, and Gordon for their service and contributions as Directors of the Board during a period of significant change for Coty,” added Strobel. “Their counsel and partnership have been valuable as we strengthened the Company’s financial position and advanced our strategic priorities.”
BOARD NOMINEES
Carsten Fischer, Independent Director
Mr. Fischer brings decades of leadership experience across global beauty and consumer goods companies. He most recently served as President of Rea.deeming Beauty (Beautyblender). Previously, as Representative Director and Corporate Senior Executive Officer at Shiseido, he held overall responsibility for a business exceeding $4 billion in revenue with more than 20,000 employees, increasing Shiseido’s overseas sales ratio from 32% to over 53%. Earlier, he served as President of Professional Care at Procter & Gamble following its acquisition of Wella, managing a $2 billion global business across 40 countries. Mr. Fischer has served as a Non-Executive Director at Seiko Holdings and Kate Spade & Company. He earned a degree in Business Administration from Hamburg University of Economics and Politics.
Alia Gogi, Independent Director
Ms. Gogi is a senior beauty retail executive with deep expertise in omnichannel strategy and international market expansion across Asia. She previously served as President of Asia at Sephora, where she built the company's full commercial organization across 10 countries, overseeing a business with 400+ doors. Earlier at Sephora, she served as Managing Director of Southeast Asia and Senior Vice President of Merchandising for both Greater China and Asia Pacific. Prior to Sephora, Ms. Gogi held senior commercial roles at A.S. Watson Group, the world's largest health and beauty retailer, where she led cosmetics merchandising across China. She began her career in brand and category management roles at Nestlé and J Sainsbury. Ms. Gogi earned a BSc in Physics with Management from King's College, University of London.
Robert Kunze-Concewitz, Independent Director and Chair of the Remuneration Committee
Mr. Kunze-Concewitz is a highly accomplished consumer goods CEO with 17 years of experience leading Campari Group as Group Chief Executive Officer. During his tenure, Campari tripled sales and completed more than 25 strategic acquisitions. Earlier in his career, Mr. Kunze-Concewitz held several senior marketing roles at Procter & Gamble, including within the company’s prestige beauty division. He currently serves on the boards of several international companies, including Carlsberg and Imperial Brands. He earned an MBA from Alliance Manchester Business School and a BA in Economics from Hamilton College.
Maria Carla Liuni, Independent Director
Ms. Liuni is Chief Brand Officer at Ferrari, where she oversees the company’s global brand strategy and lifestyle division. She previously served as Chief Marketing Officer of Pandora and held senior leadership roles at Bulgari within the LVMH Group. Earlier in her career, Ms. Liuni spent more than 16 years at Procter & Gamble’s Prestige Beauty division, where she held global P&L responsibility for a portfolio including Gucci, Dolce & Gabbana, Hugo Boss and Alexander McQueen, helping grow the division from approximately $500 million to more than $2 billion in retail sales. Ms. Liuni earned a Master’s in Economics from Luiss University in Rome.
Stephanie Plaines, Independent Director and Chair of the Audit and Finance Committee
Ms. Plaines is a seasoned financial executive with more than 30 years of experience across public company consumer products, retail and real estate. She most recently served as Global Chief Financial Officer of Jones Lang LaSalle (NYSE: JLL), an $18 billion real estate services company operating in over 80 countries, where she completed the largest acquisition in company history and led a global finance transformation. Previously, she served as CFO of U.S. Retail at Starbucks and as CFO of Sam’s Club eCommerce at Walmart, where she oversaw the strategic planning and integration of Walmart’s $3 billion acquisition of Jet.com. Ms. Plaines spent more than a decade at Ahold Delhaize in senior finance roles and also served as interim CFO of JC Penney during its transition out of bankruptcy. She currently serves as a Non-Executive Director of The Clorox Company (NYSE: CLX) and has previously served on the boards of Nielsen and KKR Acquisition Holdings. She earned an MBA from the University of Texas at Austin and a BS in Finance from the University of Florida.
About Coty Inc.
Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at coty.com or on LinkedIn and Instagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318582557/en/
Investor Relations
Olga Levinzon, +1 (212) 389-7733
olga_levinzon@cotyinc.com
Media
Antonia Werther, +31 621 394495
antonia_werther@cotyinc.com
Original: Coty Revamps Board With Appointment of Five New Independent Directors
US Market News
5月前
Calvin Klein Fragrances announces ROSALÍA as the face of new euphoria elixirsFebruary 19, 2026 8:31 AM
PR Newswire (US)
Campaign fronted by the global superstar and brand ambassador explores the distinct universes of the three new parfumsNEW YORK, Feb. 19, 2026 /PRNewswire/ -- Calvin Klein, Inc., part of PVH Corp. [NYSE: PVH], and Calvin Klein Fragrances, a division of Coty Inc. [NYSE: COTY], today unveil GRAMMY® Award-winning singer-songwriter ROSALÍA as the face of euphoria elixirs, a new collection of three distinct parfum intense creations.
A daring new chapter of the iconic euphoria franchise, euphoria elixirs are a sensorial exploration of confidence, pleasure and sensuality. Embodied by global icon and Calvin Klein ambassador ROSALÍA, the campaign fuses movement and vivid color into a captivating exploration of freedom without limits. Known for her genre-defying sound and commanding visual artistry, ROSALÍA channels the fragrances' modern femininity into an immersive journey that reflects the energy and individuality of the three distinctive scents."The euphoria elixirs are full of energy, possibility of expression and versatility!" said ROSALÍA. "Each of the three scents represents its own mood, but the vanilla notes (which I love) run through all of them, giving a warm and familiar feeling on the skin. This reunion with Calvin Klein has been a dream - I love working with teams that are as inspiring and hardworking as them!"euphoria elixirs introduce premium, ultra-concentrations that celebrate the versatility of their key ingredient, vanilla – soft yet strong, sweet yet seductive. Richly layered and modern in spirit, the assortment takes shape through three vibrant, emotive interpretations: magnetic elixir, bold elixir and solar elixir.The euphoria elixir collection:
Expressive. Radiant. Confident.This collection explores vanilla—the fruit of the orchid, euphoria's signature flower—through its full evolution from its fresh, green beginnings (solar elixir) to its vibrant ripeness (magnetic elixir), and finally to its sun-kissed, dried, and toasted warmth (bold elixir). Each scent pairs a distinct vanilla facet with a complementary note to define a clear mood: solar elixir fuses vanilla with mango for a bright, luminously joyful energy; magnetic elixir layers vanilla with musk for a soft, intimately romantic warmth; and bold elixir contrasts vanilla with oakwood for a deeper, more intense impression.Co-created with master perfumers from some of the world's most esteemed fragrance houses, all three scents are parfum intense with 28% or more ultra-concentration – the highest fragrance concentration for Calvin Klein Fragrances.magnetic elixir (musky vanilla)
magnetic elixir captures the irresistible pull of effortless confidence and sensuality. Anchored by Dancing Lady Orchid, ambrette absolute and an indulgent musky vanilla blend, this rich, sweet fragrance has a seductive charm and lingers like a warm touch.
Perfumer: Caroline Dumur
Fragrance House: IFFbold elixir (oakwood vanilla)
bold elixir is sensual, woody and addictive, channeling the intensity and rich depth of toasted vanilla. This warmth is contrasted by the unexpected presence of smoky orchid, rich oakwood and jasmine absolute. The result is a daring scent, exuding unapologetic confidence.
Perfumers: Carlos Benaim, Domitille Michalon, Caroline Dumur
Fragrance House: IFFsolar elixir (mango vanilla)
solar elixir is a radiant expression of joy – pure, luminous and full of life. Inspired by the blooming vanilla flower in its rare green and fruity stage, the fragrance is brightened by the warm glow of Golden Orchid and juicy mango. This elixir radiates with vibrant energy, evoking the sensation of skin warmed by the sun.
Perfumer: Nicolas Bonneville
Fragrance House: dsm-firmenichThe Packaging:
The original euphoria bottle remains a timeless, sculptural icon. For the new elixirs, this classic design has been reinvented through color – vivid hues of magnetic pink, bold purple and solar yellow reflect youthful energy and individuality. The signature cap has also been infused with monochromatic color for a striking visual parallel to the intense juice.The Campaign:
Following her Calvin Klein underwear debut in September 2025, ROSALÍA now stars in the Calvin Klein Fragrances campaign for euphoria elixirs, shot by Carlijn Jacobs. Across the visuals, ROSALÍA amplifies the spirit of euphoria – feminine, sensual and confident – through her unique ability to evoke emotion through movement and performance. Set in a surreal, sensorial world, ROSALÍA embodies each elixir's distinct attitude across magnetic, bold and solar universes as unlimited possibilities of self-expression and freedom come to life.Calvin Klein euphoria elixirs will be available as of March 1st, 2026, for $129 (100ml), $99 (50ml), $79 (30ml) and $36 (10ml) at Macy's, Ulta and Amazon.About Calvin Klein
Calvin Klein is one of the world's leading global fashion lifestyle brands, founded in New York in 1968. Shaped by a way of living that meets culture, the brand's distinctive, modern aesthetic informs its approach to iconic product design and influential brand storytelling.Across underwear, jeans, apparel, accessories, home and fragrance, Calvin Klein creates essential pieces that translate its American fashion roots to an international audience. Global retail sales of Calvin Klein products were approximately $9 billion in 2024.About COTY Inc.
Founded in Paris in 1904, Coty is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at coty.com or on LinkedIn and lnstagram.TVC: Linked HERE
Editorial Credit: Calvin Klein euphoria elixirs Collection
Music Credits: Artist: ROSALÍA, Song: "Dios Es Un Stalker" / Album: LUX
Social Media: @calvinklein
View original content to download multimedia:https://www.prnewswire.com/news-releases/calvin-klein-fragrances-announces-rosalia-as-the-face-of-new-euphoria-elixirs-302692000.htmlSOURCE Calvin Klein Fragrances
Original: Calvin Klein Fragrances announces ROSALÍA as the face of new euphoria elixirs
US Market News
5月前
Coty Announces Second Quarter Fiscal Year 2026 ResultsFebruary 5, 2026 4:30 PM
Business Wire
Q2 Performance Broadly in Line with Outlook
Cash Flow and Wella Divestiture Strengthen Balance Sheet; Debt and Leverage at Nine-Year Lows
New Leadership Initiating "Coty. Curated." Strategic Framework
Continuing Strategic Review of Consumer Beauty
Regulatory News:
Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced its results for the second quarter of fiscal year 2026, ended December 31, 2025. Coty delivered Q2 results broadly in line with expectations, while significantly reducing its net debt and leverage to the lowest level in close to a decade.
“I'm truly excited and energized to join Coty at this pivotal moment," said Markus Strobel, Executive Chairman and Interim Chief Executive Officer.
"In my first month in the role, having visited our largest markets and key sites, it’s very clear to me that Coty has many top-notch assets and competitive advantages: highly attractive brands, best-in-class fragrance innovation capabilities, a vertically integrated business model, and a creative, entrepreneurial organization.
At the same time, our financial performance over the past year and a half has been disappointing, and our current share price reflects that reality. Both things are true: Coty has outstanding assets and capabilities, yet we have not been delivering at the level we should.
To step-change our performance and channel our strengths, we are initiating our "Coty. Curated." strategic framework, encompassing sharper priorities, more focused investments, improved execution, and increased support behind our core businesses. These actions are anchored in consumer demand and a relentless focus on sell-out and market share.
In parallel, we are continuing our portfolio review to identify opportunities to unlock shareholder value in both the near and long term, complemented by other value-driving opportunities, such as our recent divestiture of our remaining stake in Wella at the end of CY25, delivering on our commitment.
With greater focus and discipline, I believe Coty is well positioned to deliver consistent, profitable growth and realize its full potential."
RESULTS AT A GLANCE
Three Months Ended December 31, 2025
Six Months Ended December 31, 2025
(in millions, except per share data)
Change YoY
Change YoY
COTY, INC.
Reported Basis
(LFL)(a)
Reported Basis
(LFL)(a)
Net revenues
$
1,678.6
1
%
(3
%)
$
3,255.8
(3
%)
(6
%)
Operating income - reported
148.2
(45
%)
333.2
(34
)%
Net (loss) income attributable to common shareholders - reported **
(126.9
)
US Market News
5月前
Coty noue une collaboration stratégique avec OpenAI pour renforcer l'adoption responsable de l'IA au sein de l'entrepriseFebruary 2, 2026 12:52 PM
Business Wire
Cette collaboration permet aux équipes de Coty de bénéficier des outils d'IA de ChatGPT Enterprise dotés d'une sécurité de niveau entreprise, afin d'améliorer la créativité, l'efficacité et l'excellence opérationnelle.
Aujourd'hui, Coty Inc. (NYSE : COTY) (Paris : COTY) annonce une collaboration stratégique avec OpenAI afin d'élargir l'utilisation d'outils d'intelligence artificielle avancés dans certains domaines de son entreprise internationale. Grâce à ChatGPT Enterprise, les collaborateurs de Coty auront accès aux modèles les plus performants d'OpenAI, avec un niveau de sécurité et de confidentialité optimal, facilitant ainsi leurs tâches quotidiennes et la collaboration interfonctionnelle. Cette première phase permet aux équipes ciblées d'accéder à des outils d'IA sécurisés de niveau entreprise, dotés de la flexibilité nécessaire leur permettant de s'adapter à l'évolution des besoins de Coty.
Cette approche témoigne de l’engagement de Coty en faveur d’une innovation responsable et réfléchie, intégrant les nouvelles technologies dans un cadre de gouvernance rigoureux, des garde-fous clairs et une priorité constante accordée à la qualité. L'approche de Coty reste centrée sur les compétences humaines, l’IA intervenant pour optimiser la créativité et la réflexion stratégique qui caractérisent ses marques.
Jérôme Auvinet, directeur des systèmes d'information, de l'innovation numérique et des services aux entreprises chez Coty, déclare : « Cette collaboration permet aux équipes de Coty d’utiliser en toute sécurité les capacités d’IA de pointe d’OpenAI, de niveau entreprise, conformément aux exigences de Coty en matière de confidentialité, de qualité et de performance. Elle contribue à améliorer l’efficacité de nos équipes et à leur permettre de rester focalisées sur des apports à plus forte valeur ajoutée. »
La collaboration de Coty avec OpenAI repose sur le développement rapide de l'IA au sein de l'entreprise et sur un programme mondial de formation visant à donner aux employés de tous les services la confiance, la créativité et les compétences fondamentales nécessaires pour utiliser l'IA au quotidien. Grâce à une combinaison de différentes formations en direct, d'ateliers pratiques et d'implication du leadership, Coty favorise une culture où l'IA permet aux équipes de réfléchir, créer et produire naturellement. Ces efforts visent à garantir que les employés, quel que soit leur niveau, puissent utiliser l'IA de manière responsable et efficace, développant ainsi les talents de Coty, optimisant l'exécution et préparant les équipes aux enjeux de demain.
À PROPOS DE COTY
Fondée à Paris en 1904, Coty est l'une des plus grandes entreprises de beauté au monde. Elle possède un portefeuille de marques emblématiques dans les secteur des parfums, du maquillage, des soins du visage et du corps. Présente dans plus de 120 pays et territoires, Coty propose des produits haut de gamme et grand public. Coty et ses marques permettent à chacun de s'exprimer librement et de créer sa propre vision de la beauté ; en outre, nous nous engageons à protéger la planète.
En savoir plus sur coty.com ou sur LinkedIn et Instagram.
Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260202916201/fr/
DEMANDES DE RENSEIGNEMENTS DES MÉDIAS
Service de presse, Coty : press@cotyinc.com
Original: Coty noue une collaboration stratégique avec OpenAI pour renforcer l'adoption responsable de l'IA au sein de l'entreprise
iHub News
5月前
Coty teams up with OpenAI to roll out ChatGPT Enterprise companywideFebruary 2, 2026 9:53 AM
IH Market News
Coty Inc. (NYSE:COTY) said it has entered into a strategic partnership with OpenAI to introduce ChatGPT Enterprise across selected parts of its global organization, marking a key step in the beauty group’s broader artificial intelligence strategy.Under the collaboration, Coty employees in targeted functions will gain access to OpenAI’s AI models through the ChatGPT Enterprise platform, which includes enterprise-grade security, data protection and privacy safeguards. The rollout is designed as an initial phase, with scope to expand usage over time depending on business requirements.“This collaboration enables Coty teams to securely use OpenAI’s leading, enterprise-grade AI capabilities in line with Coty’s expectations for privacy, quality, and performance,” said Jerome Auvinet, Coty’s Chief Information, Digital Innovation & Business Services Officer. “It helps our teams work more efficiently and focus on higher-value contributions.”Coty said the agreement builds on its existing internal AI efforts and employee development initiatives. The group has already launched a global upskilling program featuring live training, practical workshops and leadership involvement, aimed at helping staff embed AI tools into everyday workflows.Founded in 1904, Coty is one of the world’s largest beauty companies, with a broad portfolio covering fragrances, color cosmetics, and skin and body care. Its brands are sold across more than 120 countries and territories, spanning both prestige and mass-market segments.The company said the OpenAI collaboration reflects its approach to adopting advanced technologies in a controlled and responsible way, combining strong governance and quality standards with a continued emphasis on human expertise at the core of its operations.Coty stock price
Original: Coty teams up with OpenAI to roll out ChatGPT Enterprise companywide
Enterprising Investor
5年前
Coty Unveils Growth Acceleration Strategy at Investor Update Event (4/23/21)
Accelerates Company’s luxury business across its leading fragrance portfolio, complemented by growing contributions from skincare and prestige cosmetics led by Gucci and Burberry
Repositions and rejuvenates globally-renowned beauty brands, including CoverGirl, Rimmel and Max Factor, with plans already demonstrating positive results
Unveils major new campaign for CoverGirl Simply Ageless – the number one anti-aging foundation in the U.S.
Reaffirms Company is on track to reach near term revenue, adjusted EBITDA and deleveraging targets
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY), one of the world’s leading beauty companies and the global leader in fragrance, today unveiled its long-term strategy, underpinned by six priorities for sustainable growth. These initiatives build on the actions taken by Coty over the past year that have accelerated its shift to sustainable and profitable growth, with greater cost controls and a more competitive market position.
In a presentation to investors, Coty Chief Executive Officer, Sue Y. Nabi, will be outlining how the business is already delivering enhanced performance against these strategic priorities:
Stabilization of Consumer Beauty make-up brands and Mass fragrances
Acceleration of luxury fragrances and establishing Coty as a key player in Prestige make-up
Building a Skincare portfolio across Prestige and Mass divisions
Enhancing e-commerce and Direct-to-Consumer (DTC) capabilities
Expanding in China through Prestige and select Consumer Beauty brands
Establishing Coty as an industry leader in sustainability
Sue Y. Nabi, CEO of Coty Inc., commented:
“Coty is ideally positioned to accelerate sales and profit through our six strategic priorities, that will reposition and expand our portfolio to meet the great opportunities ahead. We anticipate a rebound in demand for beauty products as pandemic restrictions ease, led by luxury beauty, clean beauty, China and skincare. Our performance will be supported by a purpose-led and highly focused portfolio: anchored in luxury with highly desirable brands and delivered through innovative omnichannel activations.” She added, “Across our business, we are harnessing sustainability as the ultimate driver of innovation – enabling our brands to capitalize on growing consumer demand for outstanding beauty products that are clean and green. We intend to use this strategy to build Coty into a truly global beauty powerhouse.”
STRENGTHENING CONSUMER BEAUTY AND MASS FRAGRANCES
Coty intends to strengthen the performance of its Consumer Beauty business by rejuvenating and repositioning several key brands, allowing it to capture new growth opportunities. This involves plans to bolster CoverGirl, Sally Hansen, Rimmel, Max Factor, and adidas through a focus on brand equity, key trends, clear consumer targets, in-store execution, product innovation, and ensuring that each brand has a distinctive purpose.
A FRESH APPROACH FOR COVERGIRL
Coty expects to strengthen CoverGirl’s appeal to a broader U.S. consumer base. The objective will be to build on the brand’s heritage of pioneering key beauty trends – including clean makeup and makeup/skincare hybrid products – supported by new launches and innovative marketing. CoverGirl, which this year celebrates its 60th anniversary, is already benefiting from this repositioning and is delivering improved sales.
To support this strategy, Coty will be unveiling a major new marketing campaign for CoverGirl ‘Simply Ageless’: the number one anti-aging foundation in the U.S. Targeting the growing demand for skincare-powered make-up, the campaign sees the return of Niki Taylor, who was a CoverGirl Ambassador in the 1990s.
The new campaign will begin to air next week in the U.S. and demonstrates CoverGirl’s healthy fresh take on traditional beauty advertising – with the content based on images and footage taken by Niki herself in her family home.
BUILDING A COMPREHENSIVE SKINCARE PORTFOLIO
Coty intends to build its skincare portfolio across Mass and Prestige: capitalizing on key trends like regenerative medicine and creating products that are truly green, clean and sustainable. Coty currently has three skincare brands, with a fourth brand, SKKN by Kim, launching in Fiscal Year 2022. Each brand occupies distinct positioning, price tiers, and geographic strengths. Coty now sees an opportunity to extend several of its designer brands and consumer beauty brands into the skincare portfolio.
Within its existing skincare portfolio, Coty is repositioning its brands for greater success. Lancaster, which has a rich history related to innovative skincare technology and protection, including unique IP, intends to transform from a regional UV protection brand to a leader in skincare enhancement and renewal. Philosophy – which produces Purity, the number one facial cleanser product in the U.S. – is expected to move from being a U.S.-centric wellbeing beauty brand to a leader in green, clean ‘ceutical’ skincare.
ACCELERATING GROWTH IN PRESTIGE AND CHINA
Coty intends to enhance the performance of its luxury business, by accelerating its core Prestige fragrance business and capturing new opportunities in Prestige cosmetics and skincare. By Fiscal Year 2025, Coty is targeting: skincare to increase from approximately 6% to over 10% of the revenue mix; Prestige cosmetics to increase from approximately 3% to a high-single digit percent of the revenue mix; and, lastly, China’s contribution to triple to over 10% of the revenue mix. With Prestige fragrances, Prestige cosmetics, skincare and China operations delivering above-corporate margins, this targeted portfolio mix is expected to drive profitability and margin expansion.
Coty maintains a leading position in luxury fragrances, with three of the top 10 female fragrances brands and two of the top 10 male fragrances of 2020 within its portfolio. Coty expects to bring more iconic female fragrances to market and expand its presence in artisanal fragrances. The Company will also confirm that it has no major Luxury licenses expiring based on their terms over the next five years. Additionally, many of Coty’s licensing agreements with luxury brands enable the potential for extension into additional beauty categories, such as cosmetics and skincare.
Coty demonstrated the growth opportunity of Prestige through the success of Gucci Beauty. In the last nine months, Gucci cosmetics sell-out grew over 110% in the U.S. and by over 50% in Asia Pacific, while Gucci foundation sold more than 60,000 units in two months. Gucci Beauty has also seen outstanding success since opening the brand’s Tmall flagship, making it one of Tmall’s top four luxury beauty brand openings since 2018. Coty also noted the significant growth opportunity for leading artisanal fragrance brands in China, including Chloe, Tiffany & Co., and Bottega Veneta.
The performance of its brands in China and its growing footprint in emerging Travel Retail destinations (like Hainan) reinforce Coty’s confidence in its ability to capture market share and growth in the region. Coty also expects a rebound in the Travel Retail sector after a challenging 12 months, with indicators suggesting strong pent-up demand for international travel.
E-COMMERCE FUELING LUXURY AND MASS GROWTH
Coty plans to accelerate its e-commerce and Direct To Consumer (DTC) growth, through a transformed approach to its digital strategy. In 2Q21, the Company recorded 40% e-commerce sales growth driven by its Prestige and Mass businesses. Coty’s newly integrated digital approach is designed to build on this momentum and harness industry-leading innovations, including social listening and social commerce.
BECOMING AN INDUSTRY LEADER IN SUSTAINABILITY
Coty aims to create a more sustainable and inclusive world through its ‘Beauty That Lasts’ platform. The ‘Beauty That Lasts’ strategy is built on three key pillars: product, planet, and people. To integrate sustainability within its product development process, Coty has announced its ‘Beauty That Lasts’ Index, a measure that sees Coty’s R&D division integrate robust sustainability criteria into the packaging and formula development of every new product.
REAFFIRMED FINANCIAL GUIDANCE
Ahead of Coty’s 3Q21 earnings announcement on May 10, 2021, the Company is reaffirming its current financial guidance. Coty anticipates an adjusted EBITDA of approximately $750m for FY21, and remains on-track to end the financial year with net revenues of between $4.5bn to $4.6bn. The Company reaffirmed its target of driving leverage towards 5x exiting CY21.
Coty’s next quarterly earnings will be announced on May 10, 2021. For more detail, please visit Coty’s Investor Relations section of its website.
About Coty Inc.
Coty is one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Coty is the global leader in fragrance, and number three in color cosmetics. Coty’s products are sold in over 150 countries around the world. Coty and its brands are committed to a range of social causes as well as seeking to minimize its impact on the environment. For additional information about Coty Inc., please visit www.coty.com.
https://www.businesswire.com/news/home/20210423005118/en/Coty-Unveils-Growth-Acceleration-Strategy-at-Investor-Update-Event
Enterprising Investor
5年前
Coty Inc. Prices $900 Million of Senior Secured Notes (4/16/21)
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE:COTY) (“Coty”) today announced the pricing of $900 million of 5.000% senior secured notes due 2026 (the “Notes”) (representing an upsize from the previously announced $750 million). Coty will receive gross proceeds of $900 million in connection with the offering of the Notes. The offering is expected to close on April 21, 2021, subject to customary closing conditions.
The Notes will be senior secured obligations of Coty and will be guaranteed on a senior secured basis by each of Coty’s subsidiaries and will be secured by first priority liens on the same collateral that secures Coty’s obligations under its existing senior secured credit facilities. The Notes and the guarantees will be equal in right of payment with all of Coty’s and the guarantors’ respective existing and future senior indebtedness and will be pari passu with all of Coty’s and the guarantors’ respective existing and future indebtedness that is secured by a first priority lien on the collateral, including the existing senior secured credit facilities, to the extent of the value of such collateral.
Coty intends to use the net proceeds from the offering to repay a portion of its outstanding term loans under its existing credit facilities and to pay any related premiums, fees and expenses thereto.
The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A, and to persons outside the United States in compliance with Regulation S under the Securities Act. Unless so registered, the Notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
https://www.businesswire.com/news/home/20210416005563/en/Coty-Inc.-Prices-900-Million-of-Senior-Secured-Notes
Enterprising Investor
5年前
Coty Inc. to Offer Senior Secured Notes (4/15/21)
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY) (“Coty”) today announced its intention to offer, in a private transaction, up to $750 million aggregate principal amount of senior secured notes (the “Notes”), subject to market and customary conditions. The interest rates and other key terms of the offering will be determined at the time of pricing.
The Notes will be senior secured obligations of Coty and will be guaranteed on a senior secured basis by each of Coty’s subsidiaries and will be secured by first priority liens on the same collateral that secures Coty’s obligations under its existing senior secured credit facilities. The Notes and the guarantees will be equal in right of payment with all of Coty’s and the guarantors’ respective existing and future senior indebtedness and will be pari passu with all of Coty’s and the guarantors’ respective existing and future indebtedness that is secured by a first priority lien on the collateral, including the existing senior secured credit facilities, to the extent of the value of such collateral.
Coty intends to use the net proceeds from the offering to repay a portion of its outstanding term loans under its existing credit facilities and to pay any related premiums, fees and expenses thereto.
The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A, and to persons outside the United States in compliance with Regulation S under the Securities Act. Unless so registered, the Notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
https://www.businesswire.com/news/home/20210415005552/en/Coty-Inc.-to-Offer-Senior-Secured-Notes
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