Coty news and archive

Coty maintains FY25 outlook despite market slowdown

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

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Coty posts Q4 loss but provides upbeat outlook

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

Fashion |Beauty

Coty and Lena Gercke sign new license deal

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

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

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

Fashion |Beauty

Coty launches new fine fragrances under Infiniment Coty Paris line

Cosmetics giant Coty is entering into what it calls a new era of perfumery with the launch of Infiniment Coty Paris, a new line of fine fragrances. Created by Sue Nabi, Coty's chief executive, and Nicolas Vu, with whom she previously founded the premium skincare brand Orveda, licensed to Coty, Infiniment Coty Paris debuts with a collection of 14...

Fashion |Beauty

Coty and Etro sign new beauty and fragrance license

Beauty and cosmetics giant Coty has inked a long-term beauty license with luxury Italian fashion house Etro to produce and distribute its signature fragrance lines and home scent collections beyond 2040. In a statement, Coty said that the deal will actively drive the expansion of Etro’s fragrances, and it will also work with the fashion house to...

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Coty's Q2 like-for-like sales increase by 11 percent

Coty reported second quarter net revenues of 1,727.6 million dollars increased 13 percent, while like-for-like (LFL) revenue increased 11 percent, driven by a 15 percent LFL increase in Prestige and a 5 percent LFL increase in Consumer Beauty. Year-to-date reported net revenues of 3,369 million dollars, increased 16 percent and LFL revenue grew...

Fashion |Beauty Featured

Coty announces beauty license deal with Marni

Beauty company Coty has inked a licensing deal with Italian fashion house Marni to develop, produce, and distribute a line of fragrances and beauty products, which run beyond 2040. In a statement, Coty, one of the world’s largest beauty companies with a portfolio of brands across fragrance, colour cosmetics, and skin and body care, said that the...

Fashion |Beauty

Coty renews Mexx and Bruno Banani fragrance licenses

Beauty company Coty, which has a portfolio of brands across fragrance, colour cosmetics, and skin and body care, has renewed two of its fragrance licenses with Mexx and Bruno Banani. In a statement, Coty said that its license agreement with Dutch fashion brand Mexx, which began in 2016, has been extended for at least 25 years, encompassing all...

Business

Rimmel ad banned for ‘playing on girls’ insecurities’

A Facebook advertisement for Rimmel London has been banned by a UK watchdog for its part in playing on “young girls’ insecurities”, a concern that had been raised by two complainants who came forward in regards to the ad’s content. According to the allegations, the back-to-school advertisement, seen on September 9, 2023, implied young girls were...

Business

Coty expands global parental leave policy

Beauty company Coty is expanding its global parental leave policy to a minimum of 14 fully paid weeks for all employees, regardless of gender. The move expands the gender-neutral parental leave policy, established in 2022, as part of its continued efforts to set new benchmarks across its People pillar. In a statement, Coty said that the parental...

Business

Former Google exec joins Coty as chief digital officer

Pierric Duithot, a former executive of Google and director at Meta, has been named as the newest chief digital officer for beauty and cosmetics giant Coty. The conglomerate, which owns the likes of Kylie Cosmetics and Rimmel, announced the appointment via its official LinkedIn page, where it said Duthoit would be taking up the role from December...