Coty – Page 3 – Beautifaire

18 Aug

Coty could also be, sources say, in talks with Kim Kardashian to sell back her beauty brand, nevertheless it is definitely holding onto its license with Adidas, which it has just renewed. “Adidas is perfectly positioned to capitalize on the brand new well-being and athleisure trend in beauty amongst today’s consumers,” said Coty chief executive officer Sue Nabi in regards to the renewal, of which terms weren't disclosed. It has partnered with the activewear giant because the ‘90s and introduced its first product within the U.S. in 1999 with the Adidas Moves for Him scent, followed by Adidas Moves for Her in 2000. Nabi noted that in recent months, Coty has elevated Adidas’ body care offering with the launch of the Adidas Lively...

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18 Jul

Coty to Sell 3.6% of Wella Stake to IGF

by Beautifaire101

Beauty, Featured

PARIS – As Coty Inc. continues to deleverage, it has agreed to sell $150 million of its stake in hair care giant Wella. Coty said Tuesday that it expects to sell a 3.6 percent stake within the skilled hair care brand to investment firm IGF Wealth Management, with the money proceeds for use to pay down debt. Coty reiterated its commitment to divest its remaining 22.3 percent stake in Wella by 2025. The group said that the $150 million reflects a 4 percent premium to the book value of Wella as of March 31. The deal is predicted to shut in the subsequent two months. “Today’s announcement is a milestone for Coty, because the partial monetization of our Wella stake reinforces the strength of...

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6 Jul

Coty Raises Q4 and FY 2023 Guidance – WWD

by Beautifaire101

Beauty, Featured

Coty Raises Q4 and FY 2023 Guidance – WWD

PARIS – Coty Inc. raised its fourth-quarter and full-year 2023 guidance throughout the group’s first investor conference in Paris on Thursday. It significantly increased the corporate’s financial outlook for the remaining of this yr, and got down to detail how Coty is leveraging its European heritage and end-to-end capabilities to realize strong and balanced growth. The group raised its guidance to 12 percent to fifteen percent sales growth on a like-for-like basis for the fourth quarter. Coty has also, for the third time this yr, increased its profit outlook for full-year 2023, when it expects now to succeed in adjusted EBITDA of $965 million to $970 million, against the previous guidance of $955 million to $965 million, despite incurring near $70 million...

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13 May

Coty Charts Latest Route That Melds Science, Sustainability and

by Beauty Tips

Fashion, Featured

Coty Charts Latest Route That Melds Science, Sustainability and

NEW YORK – Coty Inc. is setting off on a recent route, called “Coty Protopia,” which melds science, sustainability and art. That's being pioneered by the area of interest fragrance brand Infiniment Coty Paris and Orveda’s recent Omnipotent Concentrate serum – each in beauty’s ultra-premium segment. “Protopia is just not a dystopia, because no person desires to live in a dystopic world,” said Sue Y. Nabi, chief executive officer of Coty. “Protopia is just not a utopia either, which is something incredible – but you realize isn't going to occur.” As a substitute, protopia is a direction Coty brands will move toward, one small step at a time, startup-like, with innovation and science, sustainability, and humanities and cultural relevance at its core....

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