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26 Sep

Coty Makes Paris Dual Listing Official – WWD

by Beautifaire101
Beauty, Featured
Coty is officially moving ahead with its dual listing plans on the Paris Stock Exchange. The wonder company, whose brands include Covergirl, Lancaster and Kylie Cosmetics, announced the launch of a worldwide offering of 33 million shares of Coty’s outstanding Class A typical stock. Coty has applied for the listing and trading of its Class A typical stock on the skilled segment of Euronext Paris. Investors will then have the choice to buy Coty shares either in euros for shares listed on Euronext Paris or dollars for shares listed on the Latest York Stock Exchange. The completion of the proposed offering is subject to a lot of conditions. In an interview with WWD in May, Coty Inc chief executive officer Sue Y. Nabi...
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10 May

Why Coty CEO Thinks Now Is Right Time for

by Beautifaire101
Beauty, Featured
“European investors need to buy Coty stock. It’s so simple as this,” said Coty Inc. chief executive officer Sue Y. Nabi of why the corporate is mulling a dual listing, because it released its latest set of earnings that beat Wall Street expectations. The sweetness company, which is listed on the Recent York Stock Exchange, issued an announcement Friday saying it was eyeing a dual Paris listing. It also revealed that it has prolonged its long-term partnership with Nabi, Coty CEO since Sept. 1, 2020. “That is the proper moment to accomplish that. Eleven quarters in line or ahead of expectation is moment to begin this,” continued Nabi, although she didn't disclose any details on the timeframe. “I'd say that on...
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6 May

Coty Exploring Double Paris-Recent York Listing – WWD

by Beautifaire101
Beauty, Featured
PARIS — Coty Inc. is exploring a dual listing, in Paris and Recent York, it said Friday. The wonder-maker, which is eying the Paris Stock Exchange, is already listed on the Recent York Stock Exchange. Coty also said Friday it has prolonged its long-term partnership with Sue Nabi, Coty chief executive officer since Sept. 1, 2020. Her renewed compensation agreement is founded on an equity program that runs through 2030. Coty’s board of directors has authorized the corporate’s management to explore a list in Paris. Should it turn out to be dually listed, it could “further [strengthen] Coty’s presence in Europe and [provide] an extra vehicle to succeed in untapped investors out there,” the corporate said in an announcement. “The structure aligns with...
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