Coty – Beautifaire

2 Mar

Coty Inc. will wind down operations in Russia, which make up barely greater than 3 percent of the whole business, the corporate said Wednesday. “After careful consideration, including evaluation of relevant U.S., U.K. and other applicable regulation, Coty has decided to wind down its Russian operations starting immediately,” the corporate said in an announcement. Coty’s move to stop operations in Russia comes nearly two months after many big beauty and consumer products corporations, including Coty, halted industrial activity there, as a result of Russian president Vladimir Putin’s continuing attack on Ukraine. Coty is the tenth largest beauty manufacturer on the planet, in accordance with the Beauty Inc Top 100. The corporate posted $5 billion in sales for calendar 2021 — 3 percent of...

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1 Feb

Coty Renews Mexx, Bruno Banani Fragrance Licenses

by Beautifaire101

Beauty, Featured

Coty Renews Mexx, Bruno Banani Fragrance Licenses

Coty Inc. has renewed two long running mass-market fragrance licenses. The wonder company’s license agreement with Dutch fashion brand Mexx, which began in 2016, has been prolonged for not less than 25 years, encompassing all Mexx fragrances and colognes. Mexx’s fragrance line was first launched in 2000 with Mexx Man and Mexx Woman. Today, it has grown to develop into considered one of the highest 4 fragrance brands in Germany. In 2023, it unveiled a series of limited-edition fragrances including Summer Bliss and Black & Gold. At the identical time, Coty has renewed its license with German underwear brand Bruno Banani for 20-plus years. “We're delighted to further strengthen our thriving relationship with Mexx. This long-term extension of our partnership will enable us to...

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27 Jan

Coty, Davidoff Renew Fragrance License

by Beautifaire101

Beauty, Featured

Davidoff Cool Water isn’t changing homes anytime soon. Coty Inc. has renewed its license with Davidoff, extending the businesses’ long-running partnership, which began within the ‘80s, beyond 20 years. The renewal paves the method to update the brand’s leading fragrance, Davidoff Cool Water, in addition to the creation of latest innovations, in response to Coty, including a premiumized offering. Sue Y. Nabi, Coty’s CEO, said: “It's a relationship which began within the Nineteen Eighties and has produced a number of the industry’s most iconic scents — from Zino Davidoff to Davidoff Cool Water. The numerous extension of our agreement represents a deepening of our partnership and lays the inspiration for innovation to drive the subsequent phase of growth, built on trust and shared...

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30 Nov

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

by Beautifaire101

Beauty, Featured

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake. Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent. “This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...

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