Coty Inc (COTY)

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

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

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

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 )  

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

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

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

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

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

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

Coty Announces Filing of Quarterly Report on Form 10-Q for the Fiscal Quarter Ended December 31, 2025February 5, 2026 5:03 PM
Business Wire
Regulatory News:


Coty Inc. (NYSE: COTY) (EURONEXT PARIS: COTY) today announced that on February 5, 2026 the Company filed its quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”).


The quarterly report is available on the SEC’s website at: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001024305/000102430526000014/coty-20251231.htm.


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 more than 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/20260205379206/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 Announces Filing of Quarterly Report on Form 10-Q for the Fiscal Quarter Ended December 31, 2025

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






)






 

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

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

COTY...$3.90...🥳...Earnings dip...

COTY, new 52; week low

COTY 10Q due AUGUST. 19

COTY 10Q due 5/6

"Cancer Is On The Rise!"- Toxicity Expert Shares The Everyday Products Linked To It | Yvonne Burkart
$COTY

Monthly charts a beauty. Upper teens eventually

[url=https://postimg.cc/FdFVNsfF][/url]

COTY Could be the next Estee Lauder

$COTY
Coty up AH on Kim Kardashian in talks to buy back 20% stake of SKKN sold to Coty, according to WSJ
Solid Chart
$COTY
Coty up AH on Kim Kardashian in talks to buy back 20% stake of SKKN sold to Coty, according to WSJ
Solid Chart— Ripster (@ripster47) July 11, 2023

COTY new 52 week high

CEO buys 200k shares north of $6?

https://www.sec.gov/Archives/edgar/data/1024305/000102430522000030/xslF345X03/wf-form4_165238734279931.xml

https://www.sec.gov/Archives/edgar/data/1024305/000102430522000032/xslF345X03/wf-form4_165273375474409.xml

https://www.sec.gov/Archives/edgar/data/1024305/000102430522000033/xslF345X03/wf-form4_165281998470940.xml

Hyatt, Coty, caught in Melvin Capital liquidation

"If these shares have indeed already been sold as David Faber’s reporting suggests..."


https://seekingalpha.com/news/3842349-hyatt-coty-caught-in-melvin-capital-liquidation?v=1653439858#comment-92430047

On Watch Starting 1/4/2022 is Stock Ticker COTY for a Bullish Trade.

YouTube Link:

$COTY Total Debt (mrq) 5.74B

Investor Presentation:

https://investors.coty.com/news-events-and-presentations/events-and-presentations/event-details/2021/Coty-Strategy-Update/default.aspx

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

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

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

$COTY Current Coty shareholders who have held shares of the Company’s stock since at least October 3, 2016 have standing to seek corporate governance reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate at no cost. See https://grabarlaw.com/the-latest/coty-inc-investigation/

Time for more Form 4s. Always checking insider buying.

It’s time to update all those targets.

Fromage. Do you have any cheddar?


https://video.search.yahoo.com/search/video?fr=mcafee&ei=UTF-8&p=the+cheese+shop+monty+python&type=E211US105G0#id=0&vid=f0b5ee9fcfe9d818c8c10b744341c0a2&action=click

Fondues melt up.

restoring .50Cent dividend in addition to your bull flag makes it an easy read IMO ...

you know I was reading back around a year ago and realized that the grand-Fromage was hinting at a one time $1/2 dividend pre-covid now that post-CV turned out even better is the .50Cent back on the table ...?

Bull Flag Formation

And two more directors bought stock last thursday too.

DD to be done. Off top of my head
Total 62,000 shares total. About $6.66 $400,000 or so

Last thursday, robert singer (director) bought 75,000 shares at $6.63

I have him over the last three months making open market purchases of $700,000. I would say upper sixes average he paid.

These cosmetics guys are rich AF!

Anyway, the last time he sold was 2015 and 2016. He sold $800,000 worth back around $28-$29 a share.

I am NOT recommending the stock. But DD should be started.
Will someone tell me how diluted and how leveraged up this POS is.
I probably will add, and definitely will pay too much.
There is a nice turnaround story going on - possibly - cosmetic companies suck in general. But theres a good bull case on this board below me ...

Patience ...

I'm looking forward to DD and pullbacks.

Barclays Adjusts Price Target for Coty to $7 From $4, Maintains Equal Weight Rating (2/10/21)

Target was only $4? COTY hasn't traded that low since November.

Deutsche Bank Adjusts Coty's Price Target to $8 From $6, Maintains Hold Rating (2/10/21)

Coty scores bull rating from Evercore and lush price target (2/10/21)

Evercore ISI lists seven reasons it sees upside for COTY

Analyst Robert Ottenstein - 1) Fragrances now growth category --56% of sales; 2) E-commerce is a friend, not a foe; 3) Cover Girl’s turnaround has gained traction online; 4) Non-core businesses becoming less of a drag; 5) Non-core businesses becoming less of a drag; 6) Pivot to China and 7) Cost cutting –50% of identified savings in 2021.

The firm moves to an Outperform rating on Coty from In Line and assigns a price target of $10. The 52-week range for Coty is $2.65 to $11.68.

Coty Maintains Momentum in Q2 (2/09/21)

Continued Improvement In Profit and Net Debt Reduction, with Revenues In Line

FY21 Fixed Cost Savings Target Increased to ~$300M

Strong Strategic Progress in Prestige Business Especially in U.S. and China, and E-Commerce

EW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY) today announced continued improvement in financial results for the second quarter of fiscal year 2021, ended December 31, 2020.

In Q2, Coty reported adjusted operating income of $188.4 million, up 7% versus last year, with a reported operating income of $17.0 million. Strong profit performance in the quarter was fueled by fixed costs savings, which totaled approximately $80 million, consistent with Q1. The strong delivery in 1H21 coupled with the acceleration of certain projects into the year are driving an increase to the savings target for FY21, now expected to be approximately $300 million compared to the previous target of over $200 million. For the quarter, the operational improvements and stringent cost controls resulted in Adjusted EPS for Total Coty of $0.17, which includes two months of contribution from Wella, while reported EPS was $(0.36) driven by the impact of the cost of the Wella transaction as well as additional restructuring accruals under the fixed cost savings plan.

The Wella divestiture closed as planned on November 30, delivering $2.9 billion gross proceeds. Combined with free cash flow of $389.4 million, Financial Net Debt fell to approximately $4.8 billion at the end of Q2. Economic Net Debt, which includes the stake in Wella valued at quarter end at approximately $1.2 billion1, fell to approximately $3.6 billion. Coty has elected to recognize its Wella stake on a fair value basis going forward, as permitted by U.S. GAAP. Separately, Coty will now use Adjusted EBITDA as a key performance measure, in order to more directly drive and highlight its focus on cash flow and deleveraging, which remains a priority. Adjusted EBITDA was $449.9 million for 1H21, up 6% versus the last year, and is expected to be $750 million in FY21.

Revenues continued to improve in the second quarter, with a 16% revenue decline on a reported basis, or an 18% LFL decline which was 1 percentage point ahead of Q1, despite the resurgence of COVID and related lockdowns in multiple parts of the world. The Prestige business saw the biggest gain, with LFL trends better by 9 percentage points sequentially, even as the travel retail channel remained under pressure. Within the prestige business, which accounted for approximately 60% of net revenues in the first half of FY21, highlights for the quarter included strong retail sales momentum in the U.S. and China, and broad-based strength in e-commerce.

Coty continues to make progress on its strategic priorities, including digital and e-commerce acceleration, which grew 40% in Q2, expanding into white space opportunities including prestige cosmetics and skincare, building out its presence in China, and strengthening its core prestige fragrance business and stabilizing share in the mass beauty business through leading innovation and improved execution.

Commenting on the operating results, Sue Y. Nabi, Coty's CEO, said:

"Our strong second quarter results build on the momentum of the first quarter, as the entire organization continued to act with discipline, flexibility and creativity in an uncertain environment. With revenues delivering on our objectives and profit, cash flow and debt all ahead of expectations, including 6% EBITDA growth, it is clear that a much stronger Coty is emerging, which we believe will weather any near-term market headwinds while simultaneously positioned strongly to capture the opportunities of the eventual global recovery. Entering Q3, January trends are starting inline with our expectations.

The strong execution on our fixed cost savings plan, with approximately $160 million of savings generated in the first half of FY21, and a solid pipeline of projects for the second half, give us confidence to raise our savings target for the full year to approximately $300 million. The additional savings will allow us to protect our profitability in the coming months of uncertainty while simultaneously freeing up funds to increase our A&CP investments in the second half of FY21 to support our carefully chosen strategic initiatives.

We continued to progress on our strategic objectives during the quarter. Our e-commerce momentum, with 40% sales growth was broad-based, spanning the prestige and mass businesses, across key regions, and fueled by success in pureplay e-retailers, brick & click retailers, and DTC. Our China prestige business continues to grow, with strong fragrance sell-out and the more than doubling of retail sales for both Gucci and Burberry cosmetics, speaking to the strong appeal of both brands to Chinese consumers. And we have continued building on Gucci's momentum in China, with the opening this week of the Gucci Beauty flagship store on Tmall, for which we see tremendous potential in the coming years. And in our core business, we continue to deliver leading innovation in both prestige and mass. I am delighted to see Marc Jacobs Perfect ending the year as the #1 fragrance launch of CY20 in the U.S., U.K, Canada and Australia, while Hugo Boss delivered strong innovation behind Alive and Boss Bottled. Meanwhile, we continued to build our prestige cosmetics footprint, with sales growing double digits in Q2. In mass, Rimmel's revamped Lasting Finish 25H foundation helped strengthen its market share in the UK and Italy, while Cover Girl continued to strengthen its positioning as the brand leading on clean, vegan and cruelty free products, through its Clean Fresh line-up and the more recent launch of Lash Blast Clean mascara. Additionally, we are gradually stabilizing market share in our mass beauty business, fueled by the strong momentum of our brands online, including nearly a doubling of share on Amazon.

At the same time, we have strengthened the Coty leadership team with Stefano Curti joining as Chief Brands Officer, Consumer Beauty; Alexis Vaganay as Chief Commercial Officer, Consumer Beauty; Laurent Mercier elevated to Coty CFO and Stephane Delbos promoted to Chief Procurement Officer. The new Coty team is now in place, bringing strong beauty and business experience, deep knowledge of Coty, and relevant knowledge of new areas like skincare. At the same time, we are supported by a strong and female-majority Board of Directors, including the recent additions of two new directors, Anna Adeola Makanju and Mariasun Aramburuzabala Larregui.

As we have finalized our strategic review, including new growth opportunities, brand equity mapping, and a repositioning plan for our core mass brands, we will share our strategic priorities around accelerating growth in mid-April, with a full Investor Day planned for Fall 2021.

I am excited by the tremendous opportunities and exciting journey ahead for Coty, and look forward to sharing this vision in the coming months."

*Adjusted financial metrics used in this release are non-GAAP. See reconciliations of GAAP results to Adjusted results in the accompanying tables.
1Based on fair market value, reflecting the final Wella capital structure

Highlights

2Q21 net revenue trends show moderate sequential improvement, despite resurgence of COVID and related lockdowns, with Continuing Operations net revenues declining 16% as reported and 18% LFL

Continuing Operations reported operating income of $17.0 million

Solid growth in 2Q21 Continuing Operations adjusted operating income of $188.4 million, up 7% YoY, with 280 bps of margin expansion to 13.3%

2Q21 adjusted EBITDA of $284.1 million brings the 1H21 adjusted EBITDA to $449.9 million, with an adjusted EBITDA margin of 17.7%

2Q21 cost reductions remained strong with an additional approximately $80 million of savings, bringing the year-to-date total to over $160 million; Coty raises FY21 cost reduction target to approximately $300 million from previous expectations of over $200 million, which will protect profitability in 2H21 and support increased reinvestment behind upcoming FY22 initiatives

Strong 2Q21 free cash flow of $389.4 million was ahead of internal expectations, driven primarily by solid profit growth

Financial Net Debt better than expected at $4,842.6 million, supported by the proceeds from the Wella transaction and strong free cash flow, partially offset by negative FX impact. Economic Net Debt now $3,656.1 at quarter end.

Significant immediate liquidity of $2,832.1 million at end-quarter, with comfortable headroom under Coty's financial debt covenants. Given Coty's financial position and free cash flow characteristics, Coty expects to be in full compliance of covenant requirements going forward.
Outlook

Despite continued disruptions to sales channels and short-term orders related to the COVID-19 pandemic, we remain focused on our strategic priorities and the improvement of our sell-out trends, and will start raising our commercial investments to fuel improvements ahead of FY22.

This is made possible by the decrease of our fixed costs, which we expect to reach approximately $300M for this fiscal year and will contribute to an expected adjusted EBITDA of $750M for FY21. With a financial net debt that has now crossed below $5B, we will continue to drive our leverage ratio towards 5x by the end of CY21, in line with our prior guidance.

Our strong cost discipline and cash flow dynamics are key drivers for building profitable growth and positioning Coty as a best-in-class beauty company.

Financial Results

Note: Discussions of "Total Coty" results reflect the full scope of Coty's revenues and costs, inclusive of Wella, through the closing date of the Wella transaction on November 30, 2020. "Continuing Operations" results reflect Total Coty results less the revenues and directly attributable costs of the divested Wella business through the transaction closing date, but include the TSA cost reimbursement received from Wella for the month of December 2020.

Refer to “Non-GAAP Financial Measures” for discussion of the non-GAAP financial measures used in this release; reconciliations from reported to adjusted results can be found at the end of this release.

Continuing Operations

Revenues:

2Q21 reported net revenues of $1,415.6 million decreased 15.9% year-over-year, including a negative foreign exchange (FX) impact of 0.5%. LFL revenue decreased 17.9%, driven by LFL decreases in the EMEA segment of 24.8%, Asia Pacific segment of 17.2%, and Americas of 7.4%. By channel, the prestige business decline 15.6%, showing a significant improvement from -25.0% in Q1, while the mass business declined 21.6%.
Year-to-date reported net revenues of $2,539.7 million decreased 17.9% year-over-year, including a negative FX impact of 0.3%. LFL revenue decreased 18.4%, driven by LFL decreases in the Asia Pacific segment of 26.8%, EMEA of 24.6%, and Americas of 6.1%.

Gross Margin:

2Q21 reported and adjusted gross margin of 58.7% decreased from 62.4% in the prior-year period, due to the negative impact from the regional and category sales mix as well as the decline in sales volume.
Year-to-date reported and adjusted gross margin of 58.7% decreased from 61.4% in the prior-year period, primarily due to mix impact as well as lower production volumes.

Operating Income and EBITDA:

2Q21 reported operating income from Continuing Operations of $17.0 million increased from a reported operating loss of $80.5 million in the prior year due to a $112.2 million reduction in restructuring and other business realignment costs, as well as lower SG&A, partially offset by higher acquisition and divestiture related expenses of 15.7 million.
2Q21 adjusted operating income for Continuing Operations of $188.4 million rose 7% from $176.4 million in the prior year, while the adjusted EBITDA for Continuing Operations of $284.1 million increased 6% from the prior year. The increase was driven by continued fixed cost reductions across both people and non-people costs, combined with active management of marketing investments. For 2Q21, the adjusted operating margin for Continuing Operations increased 280 bps to 13.3%, while the adjusted EBITDA margin increased 420.0 bps to 20.1%.
Year-to-date reported operating loss from Continuing Operations of $49.0 million increased from a reported operating loss of $16.5 million due to lower sales, reduced gross profit, as well as higher acquisition and divestiture related expenses, partially offset by lower media investments and fixed cost expenses. Year-to-date adjusted operating income for Continuing Operations increased 11.4% to $269.5 million, with a margin of 10.6%, while the adjusted EBITDA totaled $449.9 million with a margin of 17.7%.
Total Coty

Net Income:

2Q21 reported net loss for Total Coty, which includes two months of contribution from Wella, of $275.4 million declined from a net loss of $21.1 million in the prior year, due to the impact of the Wella transaction costs as well as additional restructuring accruals under the fixed cost savings plan.

The 2Q21 adjusted net income for Total Coty of $133.8 million compared to $205.2 million in the prior year period, reflecting in part only 2 months of contribution from Wella in the current period.
Year-to-date reported net loss for Total Coty of $74.8 million compared to net income of $31.2 million in the prior year. Year-to-date adjusted net income of $217.4 million declined from $255.7 million in the prior year.
Earnings Per Share (EPS) - diluted:

2Q21 reported loss per share for Total Coty of $(0.36) compared to a reported loss per share of $(0.03) in the prior year.
2Q21 adjusted EPS for Total Coty of $0.17 versus $0.27 in the prior year, reflecting in part only 2 months of contribution from Wella in the current period.

Year-to-date reported loss per share for Total Coty of $(0.10) compared to reported net earnings per share of $0.04 in the prior year.
Year-to-date adjusted EPS for Total Coty of $0.28 versus $0.34 in the prior year.
Operating Cash Flow:

2Q21 cash from operations totaled $430.1 million compared to $422.1 million in the prior-year period, reflecting an increase in net income on a cash basis. First half operating cash flow totaled $472.7 million, an increase of $10.7 million from the same period of the prior year.
2Q21 free cash flow of $389.4 million increased from a free cash flow of $363.5 million in the prior year driven by the increase in operating cash flow of $8.0 million coupled with a $17.9 million reduction in capex. First half free cash flow of $361.1 million increased by $44.1 million from the prior year.
Financial Net Debt:

Financial Net Debt of $4,842.6 million on December 31, 2020 declined from $7,864.5 million on September 30, 2020. The decline was driven by gross proceeds of $2.9 billion from the closing of the Wella transaction, including $2.5 billion of proceeds from disposition and $0.4 billion return of capital, as well strong free cash flow generation of $389.4 million, partially offset by over $300 million of negative FX impact.

Immediate Liquidity:

Coty ended Q2 with $549.1 million in cash and cash equivalents, and immediate liquidity of $2,832.1 million, with comfortable headroom under its financial debt covenants
Second Quarter Business Review by Segment (Continuing Operations)

Americas

In 2Q21, Americas net revenues of $539.5 million or 38% of total Coty Continuing Operations, decreased by 7.2% versus the prior year. On a LFL basis, Americas net revenues decreased by 7.4%, or a mid-single digit decline when excluding the impact from the heavily impacted Travel Retail channel. While the mass beauty business was pressured by softness in the color cosmetics market, the prestige business recorded tremendous results with high single digit revenue growth supported by strength in prestige fragrances, cosmetics, and skincare.

During the quarter, we continued to see strength within U.S. prestige fragrances, with Marc Jacobs, Gucci, and Burberry delivering robust growth. We are particularly encouraged by the continued strong performance of Marc Jacobs Perfect, which was the #1 national fragrance launch in calendar 2020, and remains on track to be the largest Coty U.S. fragrance launch in 15 years. Once again Gucci saw robust sell-out across both fragrances and cosmetics. Gucci fragrance performance was supported by Gucci Bloom Profumo and Gucci Guilty. Meanwhile, Gucci cosmetics generated triple-digit sell-out growth, fueled by bronzer and mascara. In January, we further expanded the line to include a foundation and primer, with very strong initial results.

Within our mass beauty business, the cosmetics and fragrance categories remained pressured, with further deceleration in Q2 as COVID cases accelerated in parts of the U.S., impacting both store traffic and make-up usage occasions. At the same time, we continued to make headway in strengthening our focus brands. CoverGirl maintained momentum in its Clean Fresh franchise of face makeup, which we are continuing to build upon with the Q3 launch of Lash Blast Clean mascara. CoverGirl also continued to gain market share in the cosmetics category on Amazon. Meanwhile, Sally Hansen continued to be a solid market share winner in the U.S. In Brazil, our local brands remain well positioned amid the current environment, with our brands growing market share in the quarter, particularly in nail and deodorants.

During the quarter, e-commerce sales for the region increased over 50% in Q2 and over 60% in 1H21, with strong growth across both prestige and mass fueled by strong execution across e-retailers, brick & click, and DTC with philosophy.com. E-commerce penetration as a percentage of sales in the Americas region increased to the low teens, including significantly higher penetration in the prestige business.

The reported sales for the Americas segment benefited from the contribution from the Kylie Jenner joint venture, with Q2 sales consistent with Q1.

The Americas segment generated a reported operating income of $31.6 million in 2Q21, compared to a reported operating income of $21.5 million in the prior year. The 2Q21 adjusted operating income was $56.9 million, up from $34.2 million in the prior year, driven by close management of marketing investment and strong fixed cost reduction more than offsetting the sales decline. The adjusted operating margin was 10.5% versus 5.9% in the prior year.

EMEA

In 2Q21, EMEA net revenues of $708.9 million, or 50% of total Coty continuing operations, declined by 21.9% versus the prior year. On a LFL basis, EMEA net revenues declined 24.8%. While the LFL was pressured, sales trends remained consistent with Q1, despite a second wave of COVID-19 and multiple market lockdowns impacting the region exiting Q2,

In our prestige fragrance business, we continued to see strong performances of recent launches including Marc Jacobs Perfect, Hugo Boss Alive, and Hugo Boss Bottled. Marc Jacobs Perfect continued to be the #1 prestige fragrance launch in the U.K. for CY20, supporting market share growth for the overall brand. Hugo Boss Alive saw great performance as the #1 fragrance launch in Germany in CY20, and contributing to double digit sell-out growth for Hugo Boss female fragrances in the U.K. In our mass beauty business, Rimmel grew market share in the U.K., its top market, as well as Italy, Poland, and Spain, aided by the strong consumer reception to its Lasting Finish 25H foundation relaunch. Meanwhile, Sally Hansen gained share across the region, driven by market share growth in the U.K., Italy, and France.

2Q21 EMEA e-commerce sales grew approximately 30%, driving e-commerce penetration as a percentage of sales to the mid-20s percentage level, with strong growth in both prestige and mass.

Reported operating income was $88.0 million in 2Q21 versus reported operating income of $98.9 million in the prior year. The 2Q21 adjusted operating income of $118.4 million declined from $130.7 million in the prior year, driven by the lower sales, partially offset by controlled marketing spend and solid fixed cost reductions. For 2Q21, the adjusted operating margin rose to 16.7% from 14.4% in the prior year.

Asia Pacific

2Q21 Asia Pacific net revenues of $167.2 million, or 12% of total Coty continuing operations, decreased 13.9% on a reported basis and declined 17.2% LFL. Similar to last quarter, the bulk of the LFL decline was due to continued significant pressure in the travel retail channel, and to a lesser extent, the continued active reduction of sales to low value channels. Despite these headwinds, LFL trends showed a meaningful sequential improvement from Q1. Of note, our prestige business recorded high single digit sell-out growth in the region, fueled by both brick & mortar and online.

In China, sell-out trends for our prestige beauty brands in both brick & mortar and e-commerce remained strong, particularly in Gucci and Burberry. During the quarter, we continued see momentum in Gucci and Burberry's prestige cosmetics businesses, with Burberry make-up sell-out up 48% and Gucci make-up sell-out up over 400%. In fact, Gucci make-up ranked the #2 make-up brand among all beauty brands in social business, WeChat.

E-commerce sell-out in the region continued to grow solidly, particularly in prestige with over 20% growth, partially tempered by continued proactive reduction of low value sales.

Reported operating income in 2Q21 of $6.4 million increased from reported operating income of $5.6 million in the prior year. The 2Q21 adjusted operating income of $12.5 million rose from $11.8 million in the prior year, driven by reduced fixed costs and lower marketing investments. The 2Q21 adjusted operating margin of 7.5% increased from 6.1% in the prior year.

Second Quarter Fiscal 2021 Business Review by Channel (Continuing Operations)

Prestige

2Q21 Prestige net revenues of $903.7 million, or 63.8 % of Coty Continuing operations, decreased 11.1% as reported and decreased 15.6% LFL, reflecting significant sales trend improvement from the mid 20s decline in Q1. Continued pressure in Travel Retail accounted for half of the decline in the prestige business. Reported sales were aided by the inclusion of Kylie Beauty sales in the current quarter.
The improvement in sales trends vs. Q2 came despite additional waves of COVID, particularly in the EMEA region, which led certain markets to close or place additional restrictions on non-essential stores. Encouragingly, Prestige e-commerce sales grew over 40% in the quarter, representing a mid 20s penetration rate of Prestige sales in 2Q21. While Kylie's cosmetics business remained pressured from broader cosmetics category weakness, we saw good momentum in the Kylie Skin DTC business as well as strong consumer engagement with the brand.
Mass

2Q21 Mass net revenues of $511.5 million, or 36.1 % of Coty continuing operations, decreased 23.3% as reported and decreased 21.6% LFL. Mass sales continue to be challenged, largely due to lower demand for color cosmetics stemming from fewer usage occasions and reduced in-store traffic, particularly amid additional waves of COVID. Despite this pressure, Mass e-commerce sales continued to grow at a double-digit pace in the quarter, and represented a high-single-digit percent of our Mass business in 2Q21. Encouragingly, Coty brands continued to generate very strong growth both on retailer websites and on Amazon in the U.S., U.K., and Germany, with market share on Amazon nearly doubling in the quarter.
Discontinued Operations

Wella Business

2Q21 Wella net revenues of $419.9 million decreased 36.5% as reported and decreased 3.2% LFL, driven by pent up consumer demand for services following the global salon closures in 4Q20 and associated inventory replenishment for both retail and professional hair products, continued strength within retail hair, and solid e-commerce growth.
Noteworthy Company Developments

Other noteworthy company developments include:

On November 30, 2020 Coty completed the sale of a majority stake in Wella to KKR for gross proceeds of approximately $2.9 billion and net cash proceeds of approximately $2.5 billion. Coty will retain a 40% stake in the business, which will be carried on the books as a fair market value asset.
On December 2, 2020 Coty announced two additions to its leadership team with the appointments of Stefano Curti as Chief Brands Officer, Consumer Beauty, and Alexis Vaganay as Chief Commercial Officer, Consumer Beauty.
On December 9, 2020, Coty announced the promotion of Laurent Mercier to Chief Financial Officer effective February 15, 2021.
On December 21, 2020, Coty announced the appointment of two new Board Directors, Anna Adeola Makanju and Mariasun Aramburuzabala Larregui.
On January 5, 2021, Coty announced it completed the acquisition of a 20% ownership interest in Kim Kardashian West's business for $200 million, which had previously been announced in June 2020. Together, Coty and Kim Kardashian will focus on entering new beauty categories, including development of her skincare line, as well as global expansion of existing product lines.
On January 22, 2021, Coty announced the promotion of Stephane Delbos to Chief Procurement Officer, effective February 1, 2021.
On January 27, 2021, Coty announced the planned closure of its manufacturing site in Cologne, Germany, which comes as Coty consolidates its global fragrance operations. The closure, which will occur in stages, is expected to be completed by Summer 2022.


Conference Call

Coty Inc. will host a conference call at 8:00 a.m. (ET) today, February 9, 2021 to discuss its results. The dial-in number for the call is (866) 834-4311 in the U.S. or (720) 405-2213 internationally (conference passcode number: 1397791. The live audio webcast and presentation slides will be available at http://investors.coty.com. The conference call will be available for replay.

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/20210209005405/en/Coty-Maintains-Momentum-in-Q2

Gucci Beauty Flagship Store Debuts on Tmall Luxury Pavilion (2/04/21)

Operated by license partner Coty, the digital flagship brings Gucci Beauty’s full range of make-up and fragrances to over 770 million consumers on the Tmall platform

NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY), one of the world’s leading beauty companies and the global leader in fragrances, announced the opening of the Gucci Beauty flagship store on the Tmall Luxury Pavilion, Alibaba’s dedicated platform for the world’s leading luxury and premium brands.

The digital store connects Gucci Beauty products with more than 770 million Chinese consumers on the Tmall platform, who will now have the opportunity to experience and purchase items from Gucci Beauty’s full range of make-up and fragrances, including favorites Rouge à Lèvres Mat lipstick and Poudre De Beauté Mat Naturel face powder. The collaboration provides consumers with a world-class experience and trusted shopping environment, whilst enabling Gucci Beauty to significantly scale up its reach and engagement within the Chinese luxury market.

Sue Y. Nabi, Chief Executive Officer of Coty, said: “Coty’s prestige cosmetics and skincare retail sales in China grew by over 40% last quarter, with Gucci Beauty delivering double digit sell-out growth there last year. Tmall Luxury Pavilion is an outstanding platform to build on this excellent recent performance. In our flagship store, we look forward to further engaging our Chinese consumers, who are so passionate about beauty and iconic brands like Gucci.”

Marco Bizzarri, Chief Executive Officer and President of Gucci, said: “Through a close strategic collaboration with our partner Coty we are now able to give Tmall Luxury Pavilion’s consumers dedicated access to the complete world of Gucci, from fashion collections to beauty products, complementing the powerful digital ecosystem we have built over the past years.”

Michael Evans, President of Alibaba Group, said: “As Chinese consumers look to engage with iconic brands like Gucci and Gucci Beauty, they expect an experience that is digitally sophisticated and seamless. Following Gucci’s successful launch on the Tmall Luxury Pavilion, we are delighted to work with Gucci Beauty as they build even greater engagement and success in China.”

Guilhem Souche, China Managing Director of Coty, said: “2021 is an incredibly important year for Gucci Beauty in China and we have extremely ambitious plans to grow the brand and bolster the luxury market. In addition to our leadership position in fragrance and an iconic lipstick collection, we have recently launched the brand’s first foundation to provide a relevant shade range for the Chinese consumer – a product we expect to really resonate with this audience. Now, with the launch of Gucci Beauty’s very own Tmall flagship we complement our already strong brick and mortar footprint, making it quicker, slicker and safer for Chinese shoppers to engage with the brand, live a unique Gucci Beauty experience and enjoy these outstanding products.”

Today’s launch follows the opening of the first flagship store by Gucci on Tmall Luxury Pavilion dedicated to its fashion collections in December 2020.

Tmall Luxury Pavilion launched in 2017 and is now home to more than 200 brands with products ranging from apparel and beauty items to watches and luxury cars. Offering a unique, distinctive environment, Tmall Luxury Pavilion enables brands to bring the same custom-tailored experience and sense of exclusivity from their brick-and-mortar stores to China’s online shoppers.

Brands maintain complete control over the look, feel and experience for consumers as well as pricing and merchandising. Alibaba provides partner brands with insights from its consumer base of more than 770 million to more effectively engage with and identify future consumers.

The Gucci Beauty Tmall flagship store is now open (https://guccibeauty.tmall.com).

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.

About Tmall

Launched in 2008, Tmall (www.tmall.com) caters to consumers’ ever-growing demand for high-quality products and premium shopping experience. It serves as a platform for consumers in China and overseas to buy both homegrown and international branded products as well as products not available in traditional retail outlets. A large number of international and Chinese brands and retailers have established storefronts on Tmall. In the 12 months ended March 31, 2020, Tmall was the largest third-party online and mobile commerce platform for brands and retailers in the world in terms of GMV, according to Analysys, and continues to grow quickly. Tmall is a business of Alibaba Group.

https://www.businesswire.com/news/home/20210204006040/en/Gucci-Beauty-Flagship-Store-Debuts-on-Tmall-Luxury-Pavilion